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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.
"the Holy See aims for "complete transparency" in its financial operations." And by transparency they mean invisibility.
Exactly. I donated a couple times to a Catholic children's school charity until I discovered that more money went to "Apostolate of prayer" than to the children programs. After reading this article I think "Apostolate of prayer" is code phrase for "slush fund".
Gotta love those Muslims. They want interfaith tolerance, and we show that by building a symbol of our religion a stones throw from the site of one of the worst terrorist acts ever, perpetrated by followers of the muslim faith. They want to display tolerance, but good luck if you don't agree with their religion. They don't have to agree with yours, but you better agree with their's, or they'll kill you.
1) The Vatican is Catholic not Muslim.
2) No Muslims have ever tried to kill me but a Protestant has.
3) You are an idiot that is so focused on spewing hate that you didn't even bother to read the article.
4) You serve Satan with your hate mongering.
just kidding... 🙂 – no seriously
@Hoog – I think I've seen you here before posting. You're a professional anti-Muslim. But I still love you. Jackarrse.
The last time the Vatican Bank was caught in a money-laundering scandal in the early 80s, several of their top execs mysterious got murdered before they could be interrogated at length or prosecuted by the Italian authorities. This should be interesting.
Nick do you know what the estimation is on how many kids have been abused by these priest of your religion around the world? You call it a "small minority" and that makes people sick. Catholics that try and down play this issue just prove really how bad the problem is.
Here's a news flash for some of you – abortion is legal. This is the problem with religious people. Just because you believe it, it doesn't make it true and it doesn't give you the right to try to force others to believe the same thing. Believing while refusing to look at facts only makes you ignorant.
Evolution theory busted, CNN, please report on the 1.5 million year old horse and camel fossil find !
Joe M – that has nothing to do with banking or corruption.
Kraznodar, I agree but it has everything to do with ignorance and arrogance which leads to corruption.
Now here's my question; when I was a kid, every Sunday my Mom dropped a dollar in the collection basket and as an adult, I once reported to the IRS $20 in donations... if this probe turns out to be true, can I get my money back?
The catholic church is Satan's base of operations here on earth.
I'm pretty sure that the "International Church of Satan" actually fills that function. The Catholics are just a monolithic organization that doesn't deal with reality well.
Well they can't openly claim all that money for selling/buying children. So they launder it.
The Catholic religion is just a way to make money the Vatican doesn't truly care about the people or god I am sure money laundering isn't the only thing the Vatican does against the law. Religion in general is useless and a determent to mankind we should all go back to believing in a higher power but not put so much faith in one books and stories like we are now. Hasnt whatever religion has done to mankind it had harmed it by 10 fold.
As I said before...the Catholic Church is the richest org. in the world so money can buy you out of anything..So too will this go away..
What's the big surprise? They've been stealing money from people for centuries...
we're shocked AND surprised... really! just like all the other stuff. we didn't know anything about it! really!