WASHINGTON (DC)
Reuters
By Mark Hosenball
WASHINGTON | Tue May 7, 2013
May 7 (Reuters) – The regulator of the Vatican bank on Tuesday signed an information-sharing pact with the U.S. agency that tracks suspicious financial transactions, part of an effort by the scandal-ridden bank to improve its international image.
The bank, which manages money mostly for dioceses and religious institutions and is known as the Institute for Works of Religion (IOR), has traditionally been isolated from the international regulatory system.
It has been rocked by three decades of scandals, including the 1982 incident in which Roberto Calvi, an Italian known as “God’s Banker” because of his Vatican ties, was found hanged under London’s Blackfriars Bridge.
More recently, Italian magistrates have been investigating the IOR for money laundering. The IOR has assets estimated between 6 and 7 billion Euros.
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