September 21st, 2010
10:40 AM ET

Vatican Bank investigated over money laundering allegations

Italian authorities are investigating the Vatican Bank over possible violations of money laundering regulations, the Bank of Italy told CNN Tuesday.

Another Italian bank alerted Bank of Italy investigators to two Vatican Bank transactions that did not appear to comply with anti-money laundering requirements, the Bank of Italy said.

When Bank of Italy investigators told legal authorities about the transactions, they were told that judicial authorities were already investigating the Vatican Bank, the Bank of Italy said.

The Vatican said Tuesday it is "perplexed and baffled" by the public prosecutor's actions, and that the Holy See aims for "complete transparency" in its financial operations.

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Filed under: Vatican
soundoff (155 Responses)
  1. Thomas1970

    Hence, the reason Jesus was against the money changers in the temple. Money and Jesus just don't work....this is the problem with organized religion, to much focus on what is Caesar's vs. what is God's.

    September 21, 2010 at 12:27 pm | Report abuse |
  2. Boney

    The Holy See should also aim for no perverts in its ranks.

    September 21, 2010 at 12:34 pm | Report abuse |
  3. Justme

    I'm sure they have been laundering money since the 1400s if not earlier. I mean, THIS is no great surprize. I'm just flabber gasted someone actually had the balls to say it out loud.

    September 21, 2010 at 12:36 pm | Report abuse |
  4. MNO

    This story broke in 2001 for anyone who's interested.

    September 21, 2010 at 12:49 pm | Report abuse |
  5. MNO

    All religions are by definition a lie. Religions are mans feeble attempts to define God. Be non-religious. Be non-denominational. I don't believe what any man or woman has to say about who God is, I'd rather hear it from Him.

    September 21, 2010 at 12:51 pm | Report abuse |
  6. Mike in NYC

    Archbishop Gilday: "It seems in today's world the power to absolve debt is greater than the power of forgiveness." lol

    September 21, 2010 at 2:05 pm | Report abuse |
  7. Rob

    Money is the root of all evil! This situation happens all over the world. There are many people out there who will take advantage of anyone.

    September 21, 2010 at 5:09 pm | Report abuse |
  8. Floria sigmundi

    This is an absolute travesty an I am outraged

    Check out this video on YouTube

    http://www.youtube.com/watch?v=fUJ4bL6O3uw&feature=youtube_gdata_player

    September 21, 2010 at 6:03 pm | Report abuse |
  9. kado

    Money laundering and the vatican. Is this news? Vatican = slumlord Vatican = child abuse. Vatican = .....
    I could go on and on. ANY human being who thinks he has any right to speak on behalf of "GOD" is a wolf in sheep's clothing. The vatican should be burned to the ground. And, the popes should be put out to pasture....peniless.
    A huge group of old men, living off the "church"....what a complete joke.
    GOD is in you....not in the church. Do you think the Vatican wants you to know that? To empower yourself? To no longer need those old doddering farts?

    September 21, 2010 at 8:05 pm | Report abuse |
  10. unbelievable

    who better to do the laundering?

    September 21, 2010 at 10:10 pm | Report abuse |
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