IOR to go straight?

[David Guyatt]

Fingers crossed then. It would be the first time in history that it's clean, if it happens.

Even so I'm still cautious that "hundreds of millions of euros" have miraculously appeared due to "arcane" accounting practises. Possible, I suppose, but it seems unlikely.

1 of 12
...But the Vatican still has an important hurdle to climb: gaining the international all-clear for its trouble bank, the Institute for Religious Works (IoR), which has been hit by a series of scandals stretching back to the fraudulent bankruptcy of Banco Ambrosiano in the 1980s.
....
Last year it emerged that as part of the programme to crack down on graft, the IoR had decided to close 900 suspicious accounts. Four of the suspect accounts were linked to the Vatican embassies of Indonesia, Iran, Iraq and Syria. The account closures followed a judicial report that said the bank was money laundering hot spot...

I'd love more information about those accounts. But I doubt their commitment to transparency will go that far...

In a law case I was involved in with them, they claimed all their records are routinely destroyed after 10 years. ::

However, they were still able to pay retired priests. A sort of miraculous perception I would argue. I think the Judge in the case felt that was the case too, because in the end they had to appeal to the US government to get the law case closed using diplomatic privilege.