Would it be too much for the Vatican to stop attacking gays and molesting children long enough to institute those anti-money laundering provisions at the Vatican Bank they’ve been promising they’ll get around to one of these decades? Apparently so.
Italian authorities have stopped all electronic payments inside the Vatican City after the Bank of Italy complained that it had failed to bring in new procedures to prevent money laundering.
Given that the Vatican often lectures the rest of us about what the proper morality is, you might expect they’d be right on this and implement the anti-money laundering rules. You’d be wrong. The response of the Vatican is that they’ll look for another way to do the payments and that this bothersome problem would be “short-lived.”
Involvement by the Vatican Bank in illegality has been going on for quite some time and was the primary topic of Godfather III.
When we were discussing the money laundering allegations at the Vatican Bank and the $1.2 billion the Vatican bank embezzled from Banco Ambrosiano, Freddy mentioned the movie Godfather 3. Seemingly that movie ties in the murder of Pope John Paul I with the bank scandal.
Paul Marcinkus was an American archbishop of the Roman Catholic Church. He was best known for his tenure as President of the Vatican Bank from 1971 through 1989. He was also involved with Michele Sindona, who had links with the Mafia.