Vatican faces integrity test over money laundering allegations

The European Commission is expected this month to make a decision on whether the Vatican should make the ‘white list’ – a category of governments and financial institutions certified by the European Union as upholding utmost financial transparency.

The recipients of such certificates are elevated to the status of being beyond reproach and with the right to ride the moral high ground. But the bid to reclaim credibility comes at a time the Vatican (not the Catholic Church) is reeling under allegations of money-laundering, cultism (freemasonry), paedophilia, and homosexuality.