Vatican says zero tolerance on bank wrongdoing

VATICAN CITY
Gazzetta del Sud

(By Denis Greenan). Vatican City, July 12 – The Vatican on Friday said it would from now on show “zero tolerance” to illicit dealings at its troubled bank, whether committed by clerics or people outside the Church. “The Vatican is determined to pursue a zero-tolerance policy on possible financial irregularities, whether by clerics or lay persons,” Spokesman Father Federico Lombardi said, citing a recent statement from the new head of the Vatican Bank, Ernst von Freyberg. Lombardi was speaking shortly after a Vatican prosecutor froze two accounts held in the Vatican Bank by a top prelate and former accounting chief arrested in connection with a failed attempt to fly 20 million euros of laundered money back from Switzerland to Italy.

Note: This is an Abuse Tracker excerpt. Click the title to view the full text of the original article. If the original article is no longer available, see our News Archive.