Back to the Vatican bank Investigation....
At the same time, a judge in Rome ordered a freeze on €23m (£19.5m) held in an account opened by the Vatican bank, the Institute for the Works of Religion (IOR), at another financial institution in the Italian capital. It was thought to be the first time such action had been authorised against the IOR in Italy.
This is interesting
Since last September, the Bank of Italy has classified the Vatican bank as a non-EU institution whose dealings with other banks are thus subject to especially close scrutiny.Why would the Bank of Italy do that? The private central bank of Italy?
Even more interesting....It seems the proverbial shit was hitting the fan on the eve of the Pope's visit to Britain.
The Vatican is "surprised" by the Probe
The sources said that last Wednesday, on the eve of Pope Benedict's departure for Britain, a unit of the Italian revenue guard (the tax police?) alerted prosecutors to an anomaly in an account owned by the IOR at the Rome branch of Credito Artigiano, which has close historic ties to the Catholic church.
Of the €28m deposited, €23m was destined for transfer to JP Morgan in Frankfurt and another €3m to another Italian bank. But in neither case, it is alleged, had the Vatican's bankers supplied details of the individual or corporation for whom they were acting, as required by a 2007 legislative decree.
“It is well known that the authorities of the Holy See have frequently manifested a clear desire for full transparency regarding the financial operations of the Institute for Works of Religion,” or IOR, as the Vatican Bank is called, the Vatican said today in an e-mailed statement.
The Holy See expressed “surprise” and “bewilderment” at the operation, and has “full confidence” in Gotti Tedeschi.
This bit makes me go Hmm....
The Vatican Bank , is under pressure to adopt new financial standards following a 2009 push by the Group of 20 nations for greater transparency. The IOR has been working “for some time” with the Bank of Italy and the Organization for Economic Cooperation and Development “for the Holy See’s inclusion in the so-called White List,” according to the statement.
The white list is an OECD designation for jurisdictions that have substantially embraced international tax standards.
International tax standards? Sounds sort of one world, one world government, one world banking??
Are other banking interests putting pressure on the Vatican bank to fall in line?
Could this be why we are getting such a big dose of Vatican scandal via the main stream media?
Not suggesting it is undeserved, but, given all the pedophilia abuses such as The billionaire hedge fund pedophile mogul got away with a slap on the wrist or Drasius Keyds- When the law failed him, he got justice! that the main stream media pays no attention whatsoever to, it is a fair question.