VATICAN CITY
euronews
By Philip Pullella
VATICAN CITY (Reuters) – The Vatican bank is checking the account of every client including Holy See employees, its new chief said, in a campaign to root out any money-laundering at an institution prone to scandals for decades.
Ernst von Freyberg’s predecessor was dismissed for poor management, and the Vatican’s financial watchdog said last week it was investigating six possible attempts to use the Holy See to launder money in 2012.
In an interview published in Corriere della Sera on Friday, Freyberg said the Institute for Works and Religion – the bank’s formal name – was reviewing each of 18,900 clients to verify their right to an account and bare any suspicious aspects.
The IOR was combing through about 1,000 accounts a month, he said, to pinpoint owners and who has signature authority.
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