of resignations and exclusions, the Vatican faces the very real risk of being reduced once more to the status of an international financial pariah. In the coming days its officials are due to answer a detailed questionnaire for Moneyval, Europe’s anti-money-laundering and anti-terrorist-financing watchdog. The picture they will have to paint could scarcely be less reassuring.
The Financial Information Authority —the Vatican’s regulatory body and the cornerstone of a nine-year campaign to dispel the Holy See’s image as a refuge for hot money and shady dealings—is no longer eligible to receive intelligence on suspected financial crime from its counterparts in other states. The’s president, René Brülhart, has left . Half his board has since resigned. And the authority’s director is suspended from duty.
The authority has not had an inventory of the data the police impounded, and has thus been unable to provide the Egmont Group with an assurance that its information is safe. The group has evidently decided it could not run the risk of supplying further information to the“The direct consequence is on the’s role as financial-intelligence unit, which is now dysfunctional,” says Mr Brülhart.
First to go, mere hours after Mr Brülhart, was Marc Odendall, a retired Swiss-German banker, who declared there was no point in staying in an “empty shell”. According to two Vatican sources another of the four board members, Juan Zarate, an American counter-terrorism expert, has since resigned.may simply have got caught in the crossfire of an attack on the Secretariat of State by its internal enemies.
In any event, the shambles casts serious doubt on the judgment of Pope Francis, who made it a priority of his papacy to clean up the Vatican’s tenebrous financial sector. Speaking to the, Mr Odendall said that the raids could not have happened without the pontiff’s approval. “This has been completely managed by the Holy Father from
it is illegal to launder money so we must tell our FBI to keep close eye’s on making sure it is all above bored
Are the children safe in the. Churches. Now. ? Dr. Sabir. NY
You could argue that much of the Catholic Church, falls outside of the premises of the original gospel Christian message; saints and feasts are Roman providence, as well indulgences, doing good works, and tributary gifts; time to reconstruct the Church and delimit cardinals
Their finances are murky because of all the lawsuits from the parents of all the children thousands of priests have molested over the years. Oust the pedophile priests and your finances will improve.
But how?
That was Criminal Pell’s job ...
haha, like he cleaned up the dirty ones. That rug must be so full now
LOL!
Oh.....Pope Francis, Thank you for your promise to clean up the Vatican’s murky finances!
Clean up it’s pedo priest should be one promise
Well when he is finished ask him to come to Australia and sort this LNP out...
they church was given the power from god to first invent money (mentioned in bible) but to collect it to make sure it is used responsibly
Yeah right.
Paying off victims of sexual abuse doesn’t always look good in the books
Hawala Tax Havens Corruption Kleptocracy Blackmoney Kakistocracy Shell companies PanamaPapers Paradisepapers MauritiusLeaks Crony Capitalism Participatory note MoneyLaundering chartered accountants Evil foreign funded fraud Christian ✝️missionaries & church backed NGO'S
HarvieTimothy
nine-year campaign to HIDE finances!!
Centuries of hiding and diversifying ill gotten gains is difficult to unravel without the skeletons that were created in amassing that wealth. This is a campaign doomed to failure.
Wasn't a paedophile in charge? George Pell. Good job.
Finally ! Plenty of work out there.
😂😂😂😂- But keep throwing those baskets in peoples faces and shaming old people to subsidize your criminality CatholicBishops folks because that must be the Christian thing to do I assume ....?🤔
It's slowly coming a long way!
Kevin_Shipp
Sell Vatican, that should pay the bills and solve poverty on Earth for the next 200 years.
alllibertynews Atleast he’s trying. 😅
The vatican is a pedo sex cult fronted by a scam charity religious entity. Should be completely liquated, every bishop put in prison for aiding and abedding mass criminal activity and presecuted to the ends of the earth for the mass genocide they caused.
The Catholic Church aka Corruption OG.
Isn't this the plot of Godfather 3?
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