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

by Ganesh Sahathevan

Jean-Baptiste de Franssu, 

the new president of the
Vatican Bank. 

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.


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Reference
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?

Singapore maintains silence on Falcon Bank: A ploy to save Prince Turki,and PM Najib ?

by Ganesh Sahathevan



It has been previously reported on this blog:

Falcon Bank in breach of US Non-Prosecution Agreement: Swiss AG says quantum of related transactions is USD 4 billion,while Singapore MOF,MAS, remain silent

That silence has become even more jarring given the prosecution of BSI Bank by both the Singapore and Swiss governments.  It is especially so given that Falcon was the first Singapore bank implicated in the 1 MDB affair.  In fact, Falcon's role in the whole matter is somewhat more direct,and involves the main players, not merely the agents in the theft,as this diagram produced by Sarawak Report illustrates: 

It appears that much is being done ,and already done,in the effort to save Prince Turki, and Malaysia's Najib. Meanwhile, it does seem as if the AL-Sauds would be happy to see Prince Turki hang. This writer maintains that the  Al-Sauds have abandoned Turki Abdullah.

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1 MDB chief Arul Kanda in US Treasury cross-hairs: Justification of shady US Dollar transactions makes Arul equally guilty of US AML/CTF breaches

by Ganesh Sahathevan

Now that the Parliament of Malaysia's Public Accounts Committee has found that there were in fact
multiple breaches of AMLCTF laws involving US dollars, the focus falls back on the current CEO Arul Kandsamy who has at various times sighted those transactions, defended them and declared that he was satisfied that the transactions were all above board.In fact, he often did so when the legality of those transactions was called into question.

Subsequently Kanda is at very least an accomplice to these AML/CTF crimes and given that the transactions were primarily in US Dollars, comes well within the jurisdiction of US regulators.
His friends and accomplices at ANZ and AMMB are well placed to attest to that fact,given ANZ's rather expensive experience in that type of matter.

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