Head of Vatican bank in money laundering investigation

22nd September 2010, Comments 0 comments

Ettore Gotti Tedeschi, the head of the Vatican bank, is under investigation by Italian tax police for suspected money laundering. Italian authorities seized 23 million from an account with a third bank. The Vatican’s Institute for Religious Works IRW, the official name for the bank, is not subject to Italian and European Union banking rules, but ...

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