By Philip Pullella and Lisa Jucca
VATICAN CITY/MILAN, March 19 (Reuters) - JP Morgan Chase is closing the Vatican bank's account with an Italian branch of the U.S. banking giant because of concerns about a lack of transparency at the Holy See's financial institution, Italian newspapers reported.
The move is a blow to the Vatican's drive to have its bank included in Europe's "white list" of states that comply with international standards against tax fraud and money-laundering.
The bank, formally known as the Institute for Works of Religion (IOR), ... (continues) ..."
And all just in time for the weekend!! :) What fun with Op. #OTB!
#OTB - Public Key Transaction Processor - create digital vaults
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