Light shone into Vatican Bank

During the course of 2012, particularly in the last few months of that year, the AIF (Financial Information authority), the Vatican’s financial watchdog set up by Benedict XVI and led by President Attilio Nicora, has flagged 6 suspicious activities in the Vatican or in the Holy See’s bodies, against last year’s one suspicious activity. The Vatican Bank, (IOR) was found to be implicated in some suspicious transactions.

Two information requests were sent to domestic authorities and two reports to the Promoter of Justice, that is, the Vatican City State’s judicial authority. Last year, an information request was sent to foreign authorities and three were received by foreign authorities.

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