Saturday, October 23, 2010
The Associated Press reported today that the Vatican expressed "astonishment" when an Italian court rejected the release of Vatican bank funds seized by authorities for failing to comply with international money laundering laws.
Prosecutors claim that the $30 million seizure that occurred last month is due to non-disclosure of the transfer destination of large sums of money. Although the Vatican bank -- Institute for Works of Religion -- vows that it is working within international banking rules, the prosecutor found "exactly the opposite" was true.'
Posted by DotConnector at 07:20