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Vatican Bank First Public Annual Report 2012 - Istituto per le Opere di Religione (IOR) Annual Report 2012

Vatican Bank First Public Annual Report 2012 - Istituto per le Opere di Religione (IOR) Annual Report 2012

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Published by Michael Best
The following is the first annual report ever released publicly by the Vatican Bank, officially known as the Istituto per le Opere di Religione (IOR). The report was first drafted in March 2013 but was only recently released to the public at the beginning of October.

The Cardinals’ Commission welcomes the publication of the first Annual Report of the Istituto per le Opere di Religione (IOR). Since the first Vatican City State law on anti-money laundering (AML) came into force on 1 April 2011, the IOR has embarked on a course of reform, of which transparency is a key element. The reform process led to the appointment of the Pontifical Commission by the Holy Father on 24 June 2013, and will result in giving the IOR a new direction, as was done in 1942 and in 1990. It is important to remember that the IOR’s reason for existing is to serve the Catholic Church, in particular its works of charity and its missionary activities, by safeguarding assets and providing payment services.
The following is the first annual report ever released publicly by the Vatican Bank, officially known as the Istituto per le Opere di Religione (IOR). The report was first drafted in March 2013 but was only recently released to the public at the beginning of October.

The Cardinals’ Commission welcomes the publication of the first Annual Report of the Istituto per le Opere di Religione (IOR). Since the first Vatican City State law on anti-money laundering (AML) came into force on 1 April 2011, the IOR has embarked on a course of reform, of which transparency is a key element. The reform process led to the appointment of the Pontifical Commission by the Holy Father on 24 June 2013, and will result in giving the IOR a new direction, as was done in 1942 and in 1990. It is important to remember that the IOR’s reason for existing is to serve the Catholic Church, in particular its works of charity and its missionary activities, by safeguarding assets and providing payment services.

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Categories:Types, Business/Law
Published by: Michael Best on Oct 10, 2013
Copyright:Attribution Non-commercial

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10/28/2013

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 Annual Repor2012
 
Ernst von FreybergPresidente del Consiglio di Sovrintendenza dello IOR e Direttore Generale ad interimIOR  Istituto per le Opere di ReligioneCortile Sisto V00120 Città del VaticanoStato della Città del Vaticanoino@ior.va

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