VATICAN CITY
Irish Times

Vatican Bank denies any wrongdoing in relation to cash transits and closure of ‘lay’ accounts

Paddy Agnew

Mon, Dec 9, 2013

Are Italian finance police about to set up a checkpoint outside the Vatican’s Porta Santa Anna gate to stop people who have visited the Vatican Bank, IOR, in order to ascertain the nature of their business?

That alarmist scenario emerged last weekend following Italian media speculation that the Holy See’s financial regulator AIF had been less than co-operative with Italian Customs in relation to movements of money at IOR in 2011 and 2012.

Furthermore, Italian daily, Corriere Della Sera yesterday reported that some 1,200 of IOR’s 19,000 accounts will shortly be closed by the bank. Corriere suggests the accounts in question, known as “lay” accounts, could account for up to €300 million.

Unruffled by reports

Sources at IOR were last night unworried by the…