Politico

Vatican under fire for alleged money-laundering dodge

Newsmax

Vatican Dogged by Allegations of Money Laundering

Regtechtimes

Vatican accused of having tool to change SWIFT transactions after sending

Pillarcatholic

Former Vatican auditor seeks legal appeal and papal audience

Pell ordered investigation into potentially illegal APSA banking system

Reuters

Vatican Makes Progress Against Money Laundering European Watchdog Says 2024 05 28

<span>Cardinal George Pell instructed Milone in April 2016 to investigate evidence that APSA, the Vatican's asset manager, could alter financial records to shield the true identity of fund sources in SWIFT transactions.</span

Cardinal George Pell instructed Milone in April 2016 to investigate evidence that APSA, the Vatican's asset manager, could alter financial records to shield the true identity of fund sources in SWIFT transactions.

<span>Milone claims he reported findings to Pope Francis and Secretary of State Pietro Parolin but received no response from two key oversight bodies, and says he possesses documents proving systematic corruption.</span

Milone claims he reported findings to Pope Francis and Secretary of State Pietro Parolin but received no response from two key oversight bodies, and says he possesses documents proving systematic corruption.

<span>The Vatican has denied the allegations as completely unfounded, with officials stating it is technically impossible to alter payment messages once sent through the SWIFT system.</span

The Vatican has denied the allegations as completely unfounded, with officials stating it is technically impossible to alter payment messages once sent through the SWIFT system.

<span>APSA stopped serving private clients in 2015 to avoid oversight from European anti-money laundering agency MONEYVAL, but sources claim the tool could have been used to hide transfers involving private clients.</span

APSA stopped serving private clients in 2015 to avoid oversight from European anti-money laundering agency MONEYVAL, but sources claim the tool could have been used to hide transfers involving private clients.

<span>Moneyval reported in May 2024 that the Vatican had made progress in combating money laundering and addressed technical compliance deficiencies identified in a 2021 report.</span

Moneyval reported in May 2024 that the Vatican had made progress in combating money laundering and addressed technical compliance deficiencies identified in a 2021 report.

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Vatican

White-collar crime

The evidence presented by credible former officials like Milone and Cardinal Pell suggests systematic financial misconduct that warrants serious investigation. The timing of these revelations, coming after APSA was exempted from international oversight, raises questions about ongoing transparency efforts.

<span>The evidence presented by credible former officials like Milone and Cardinal Pell suggests systematic financial misconduct that warrants serious investigation. The timing of these revelations, coming after APSA was exempted from international oversight, raises questions about ongoing transparency efforts.</span>

Vatican Faces Money Laundering Claims Over Bank Transfer Tool

Vatican underFaces fireMoney forLaundering allegedClaims money-launderingOver dodgeBank Transfer Tool

The Spin

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Vatican Faces Money Laundering Claims Over Bank Transfer Tool

Vatican underFaces fireMoney forLaundering allegedClaims money-launderingOver dodgeBank Transfer Tool

The Spin

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