"To be clear, you have to declare what you are doing, so that you can be a respected member of the international financial system and the Church. This is why we have decided to behave as you would expect from any other financial institution. Our website will be live from October 1, and we will maintain regular contact with the media, "said the IOR President from Germany, in post since February.
To conform to the criteria of the Council of Europe's Transparency Committee "MONEYVAL" all bank accounts - there were 18,900 by the end of 2012 - are to be checked von Freyberg further announced. However, in many of them, minimal amounts have been deposited, said the IOR boss.