VATICAN CITY
Irish Independent
NICK SQUIRES – 22 JULY 2013
Investigators in Rome are combing through the 19,000 accounts held by the Vatican’s bank in search of money laundering and other crimes, in a long-delayed attempt to clean up the institution’s tarnished reputation.
The campaign to bring more transparency and accountability to the bank, started under Benedict XVI, has dramatically picked up momentum under his successor Pope Francis since his election in March.
The review is being orchestrated by a German banker, along with forensic accounting experts from Promontory Financial Group, who are analysing around 1,500 accounts a month, hunting for any suspicious financial activities.
“Our work is to make the bank transparent,” said Ernst von Freyberg, its new president.
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