Vatican to announce new money laundering rules

[Joanne98]

Source: Reuters

(Reuters) - The Vatican will announce new rules to combat financial crime Thursday as it continues to deal with a money laundering probe that has seen 23 million euros ($30.23 million) sequestered from its banking institution.

The Vatican said in a statement Wednesday that Pope Benedict would issue a so-called apostolic letter on combating financial crime, money laundering and the funding of terrorism. The Holy See would create a financial information authority.

The Vatican bank, formally known as the Institution for Religious Works (IOR), has been under investigation for suspected violations of European Union money laundering rules since September. It denies any wrongdoing.

The IOR primarily manages funds for the Vatican and institutions around the world such as charity organizations and religious orders of priests and nuns.



Read more: http://www.reuters.com/article/idUSTRE6BS2BG20101229

[FiveGoodMen]

1. !

:eyes:

[AsahinaKimi]

2. One would think the Vatican Bank

would be one where honesty and integrity would be a most important virtue. I guess not...

[AndyTiedye]

6. The Mafia Bank

http://en.wikipedia.org/wiki/Institute_for_Works_of_Religion

[niyad]

7. there continues to be speculation that JohnPaul I was murdered when he announced an investigation

into the financial corruption in that organization. I read david yallop's book, "in god's name" ages ago, and the possibility of his being murdered is pretty convincing.

apart from his connection to the gambino crime syndicate, I seem to recall that sindona had ties to certain high-ranking american politicians. anybody remember who they were?

[brooklynite]

3. They'll be using the same detergent they use for the Pope's robes?

Whiter than white...

[ZombieHorde]

5. You mean children's tears? nt

[DCKit]

4. Hauling around those collection plates is going to be a real bitch. nt

[freshwest]

8. Any connection to the Pope coming clean on the sex scandals?

[Vidar]

9. Well obviously money should only be laudered with soap blessed by the Pope.

[No Elephants]

10. Christ on earth issues new moneychanging er, new money laundering, rules. Hallelujer.