Saturday, February 25, 2017

Vatican Bank will not deny acting as a conduit for Soros funds

by Ganesh Sahathevan

Credit:Alessandra Tarantino/Associated Press

The Vatican Bank, or more formally the Istituto per le Opere di Religione (IOR), has refused to confirm or deny that it has acted and continues to act as a conduit for funds managed and controlled by billionaire Gorge Soros.

The queries were raised with regards to an earlier story published on this blog about secret or off-balance sheet Vatican funds being used by "Vice Pope" Cardinal Oscar Rodríguez Maradiaga to conceal funding from Soros for the Catholic Spring movement which he appears to be a  part of. 

The queries were put to the IOR's president Jean-Baptiste de Fanssu,who declared last year that as a result of changes he had introduced it was now "impossible to launder money" via the IOR.

Yet, just last week Italian prosecutors froze the assets of Italian banker Giampietro Nattino ,with regards to a stock market manipulation scheme he is alleged to have perpetrated using the Vatican financial system,which includes APSA,the Vatican's treasury and fund manager, which does not have a history of good governance.


Vice Pope" Cardinal Oscar's Soros funding-Has the Vatican Bank acted as conduit , is it in breach of international AML,CTF and KYC regulations?

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