VATICAN CITY
Reuters
By Philip Pullella
VATICAN CITY | Thu May 16, 2013
(Reuters) – The Vatican Bank, a center of scandals for decades, is to launch its own website and publish its annual report in an effort to increase transparency, its new president said.
Ernst von Freyberg told the bank’s employees of the changes, which should be in place by the end of the year, this week, according to Vatican Radio.
He also said the bank, formally known as the Institute for Works of Religion (IOR) and dubbed the world’s most secretive bank by Forbes magazine, had also hired an auditing firm to make sure it meets international standards against money laundering.
Vatican Radio did not name of the auditing firm.
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