Vatican told to get tough on those caught laundering money

Print More
The Vatican Bank is housed in the Bastion of Nicholas V in Vatican City. The space was formerly used as a papal prison. Profits at the bank, formally known as the Institute for the Works of Religion, have decreased from 86 million euros in 2012 to 2.9 million euros last year after extensive internal reforms.

Photo courtesy IOR

The Vatican Bank is housed in the Bastion of Nicholas V in Vatican City. The space was formerly used as a papal prison. Profits at the bank, formally known as the Institute for the Works of Religion, have decreased from 86 million euros in 2012 to 2.9 million euros last year after extensive internal reforms.

Active RNS subscribers and members can view this content by logging-in here.

VATICAN CITY (RNS) The Vatican has taken many steps to atone for its shady financial past, but the European Union's financial watchdog said the Holy See now has to get tough with those suspected of wrongdoing.