Perhaps few people know that Pietro Beretta arms factory Ltd. (the largest arms industry in the world) and is controlled by the Holding SpA Beretta and the majority shareholder of the Beretta Holding SpA after Gussalli Ugo Beretta, is theIOR (Institute for Works of Religion [commonly known as the Vatican Bank]) private institution founded in 1942 by Pope Pius XII and headquartered in Vatican City.