Place

Vatican City

Independent city-state inside Rome, the seat of the Holy See.

3 links, 2 backed by primary records

Vatican City is the city-state in which the Holy See has its seat. The Institute for the Works of Religion operates there.

Connections 3

Paul Marcinkus 1981 head of the city-state's administration (vice president of the city-state) Scholarship & press 1 2

Institute for the Works of Religion Primary record 1 3
MONEYVAL (2021) calls the IOR the one entity in the Holy See and Vatican City State authorised to carry out financial activities. TIME (1982): founded in 1942.

Timeline 2 dates

Proof 4 sources

Italy: The Great Vatican Bank Mystery (8 pages), TIME, 13 Sep 1982. Scholarship & press Archived copy
Last year John Paul II gave Marcinkus the task of running Vatican City's administration
Founded in 1942 to invest and increase the funds given to the Holy See for religious works, the I.O.R. is much like any other international commercial bank.
Former Vatican bank chief Paul Marcinkus, 84, dies, The Seattle Times (Los Angeles Times), 22 Feb 2006. Scholarship & press
After leaving the Vatican bank, Archbishop Marcinkus kept his second job as vice president of the Vatican city-state.
Anti-money laundering and counter-terrorist financing measures: Holy See (including Vatican City State), Fifth Round Mutual Evaluation Report, MONEYVAL(2021)4, MONEYVAL, Council of Europe, 2021. Primary record Archived copy
most of the customers of the one entity - the Institute for the Works of Religion - that has been authorised to carry out financial activities are non-resident
Mutual Evaluation Report: Holy See (including Vatican City State), MONEYVAL(2012)17, MONEYVAL, Council of Europe, Jul 2012. Primary record
the Act of the Vatican City State No. CXXVII, concerning the prevention and countering of the laundering of proceeds resulting from criminal activities and financing of terrorism, was enacted on 30th December 2010 and came into force on 1 April 2011

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