9.22.2010

Vatican Under Fire for Banking Transactions

Dan Brown is no doubt taking a keen interest in the headlines today as the Pope's top two bankers have been placed under investigation for money laundering. Additionally, EUR 23 million has been seized in connection with a suspicious transfer.

The situation will be a blow for the Vatican as, though it remains highly secretive, it has attempted to make strides toward conformity with international banking standards in the past few years. Additionally, it will do nothing to quiet the conspiracy theorists who are never far from the Vatican's walls, particularly considering the interesting history of the bank.

UPDATE: In the interest of equal time, fairness, etc., here is the latest from the Vatican.

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