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Sunday, October 31, 2010

Prosecutors Doubt Vatican Money-Laundering Pledges : By Nicole Winfield Associated Press

http://hosted.ap.org/dynamic/stories/E/EU_VATICAN_BANK_SCANDAL?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2010-10-30-07-22-02

"In recent weeks the bank has made written and in-person pledges to pass anti-money laundering legislation, report and investigate suspicious transactions, identify customers to law enforcement and create a special compliance authority."

"Prosecutors, though, aren't buying any of it. They claim that even as the bank was making such overtures, it broke the law by trying to transfer money without identifying the sender or recipient, or what the money was being used for."

"Italian prosecutors have placed bank chairman Ettore Gotti Tedeschi and his deputy Paolo Cipriani under investigation and financial police seized euro23 million (US$30 million) from a Vatican bank account on Sept. 21."

"The Vatican has reacted furiously, insisting that the omission of data was just a "misunderstanding" that could be easily clarified. It tried to get the seizure lifted, but the court refused."

Bridget Mary's Reflection:

This is unbelievable! When will the Vatican bank officials and the curia get it- that they are accountable to the standards of Jesus Christ in the Gospels? They are not supposed to act like a crime family! It it time for worldwide Catholics to hold the Vatican accountable! Ask yourself, what would Jesus do? Probably get that whip out and overturn some tables stacked with money in the Vatican bank!

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