There were no fireworks this 4th of July in Strasbourg, where the otherwise clamorous case of the Vatican bank, Istituto per le Opere Religiose (IOR), founded in 1942, was put on the table for its first ever evaluation by the Council of Europe's powerful MONEYVAL Committee. Properly known as the "Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism," MONEYVAL was created in 1997 to monitor banking in member countries.