The US State Department has added an unlikely name to the list of countries that are considered money-laundering centers - the Vatican. The listing was published Wednesday in the 2012 International Narcotics Control Strategy Report, and lists 190 countries.
A State Department official did confess that the Vatican had recently established programs to prevent money laundering.
The apology continued, as Susan Pittman of the State Department explained, "To be considered a jurisdiction of concern merely indicates that there is a vulnerability to a financial system by money launderers. With the large volumes of international currency that goes through the Holy See, it is a system that makes it vulnerable as a potential money-laundering center."
In plain English, there is no accusation of wrongdoing, nor even evidence of it. The State Department merely sees the Vatican as a possible risk because of the large volumes of money processed through its banking system.
Read more here: http://www.catholic.org/
No comments:
Post a Comment
Please no anonymous comments. I require at least some way for people to address each other personally and courteously. Having some name or handle helps.
Note: Only a member of this blog may post a comment.