Thursday, August 21, 2025

Vatican under fire for alleged money-laundering dodge

The claims come as Pope Leo is desperately trying to clean up the Catholic Church’s reputation after years of scandal.

Jubilee of the Rulers in Vatican
The claims come at an awkward moment for new Pope Leo XIV as he seeks to boost the Catholic Church's reputation after decades of rolling financial scandals. | Riccardo Antimiani/EPA

The Vatican is facing allegations it used a "skeleton key for money laundering" by illegally manipulating bank transfers.


The city state's former top financial cop ― who was forced out in 2017 ― has claimed that its payroll agency was able to alter the names and account numbers on transactions after they were made, masking the identity of recipients and senders.


The implication would be enormous because it would have made it possible for Vatican officials to wire funds to private clients without revealing who they were, possibly enabling unlimited money laundering and violating the most basic anti-fraud rules.


More: https://www.politico.eu/article/vatican-financial-obscure-transactions-claims-bank-transfers-money-laundering/

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