Vatican spokesman confirms money laundering investigation

Investigations into money laundering, insider trading and market manipulation through a Vatican office were launched after an initial report was filed by the Vatican Financial Intelligence Authority in February 2015, the Vatican spokesman said. 

Jesuit Father Federico Lombardi, the spokesman, issued a statement on Nov. 4 about the investigations involving the Administration of the Patrimony of the Apostolic See. The office, known by its Italian acronym APSA, handles the Vatican's investment portfolio and its real estate holdings.

Advertisement

The Vatican spokesman's statement comes on the heels of a report by the British news agency Reuters that Giampietro Nattino, chairman of a private Italian bank, had accounts at APSA and used them for personal trades on the Italian stock market. 

The Reuters article says investigators looked at Nattino's activities between May 22, 2000, and March 29, 2011. The investigations revealed that the Italian banker transferred more than 2 million euros out of his APSA account to a Swiss bank account several days before stricter financial regulations at the Vatican went into effect, Reuters reported.

The report also states that the Vatican Financial Intelligence Authority passed its findings on to Vatican City State judicial authorities regarding Nattino's activities and recommended the Vatican prosecutor, Gian Piero Milano, also investigate possible involvement by some members of the APSA staff.

Although APSA in 2012 told investigators from "Moneyval"—the Council of Europe's Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism—that the Vatican decided in 2001 to phase out individual accounts, the Vatican's internal investigation revealed that accounts like Nattino's were active until 2009. 

Father Lombardi said the Vatican prosecutor's office requested the involvement of Italian and Swiss judicial authorities in the investigation "by requests sent through diplomatic channels on Aug. 7, 2015."

Comments are automatically closed two weeks after an article's initial publication. See our comments policy for more.
dr inusa inusa
2 years 1 month ago
ONLY TRUE SPELL CASTER IN THE WORLD OF REVENGE AND DEATH SPELLS, WICCA AND BLACK MAGIC,+27784916490 GET BACK LOST LOVER AFTER DIVORCE +27784916490 Instant Death Spell, Revenge Spell, Divorce Spell, Fertility/Pregnancy Spell, Spells for Divorce, Marriage Spell, Divorce Psychic, Love spells, lost love spells, breakup spells, protection, reunite us, attraction spells, psychic, herbalist, traditional healers, sangoma, native healers, herbalist healers, herbalist doctors, witch doctor, Online Revenge on Ex, Get Exlover Back Online, Love Spell Revenge Spell Death Spell Fertility Spell EX Removal Break-Up Spell Reach Out For Help via: [email protected] Website: http://www.quicksolutionspell.com Call & WhatsApp+27784916490

Advertisement

Don't miss the best from America

Sign up for our Newsletter to get the Jesuit perspective on news, faith and culture.

The latest from america

25,000 children and pilgrim sang the pope “Happy Birthday" today in St. Peter’s Square.
Gerard O’ConnellDecember 17, 2017
A reflection for the third Sunday of Advent
Elizabeth Kirkland CahillDecember 16, 2017
Homeless people are seen in Washington June 22. Bishop Frank J. Dewane of Venice, Fla., chair of the U.S. bishops' domestic policy committee, released a statement Nov. 17 proclaiming that the House of Representatives "ignored impacts to the poor and families" in passing the Tax Cuts and Jobs Act the previous day. (CNS photo/Tyler Orsburn)
The United States is thwarting the advancement of millions of its citizens, a UN rapporteur says.
Kevin ClarkeDecember 16, 2017
Why not tax individuals for what they take out of society instead of what they contribute?
Paul D. McNelis, S.J.December 15, 2017