Catholic Online headline..."Obama admin says the Vatican laundering money"

[moobu2]

When I saw the headline I was thinking there was going to be some kind of strong accusation but turns out there was nothing to it at all. Looks like pure political propaganda. It's not like the Vatican Bank doesn't have a long history of questionable (mafia related) dealings either but still I don't see anything to justify the headline.

WASHINGTON, DC (Catholic Online) - The list is divided into three categories, primary concern, concern, and monitored. The Vatican has been listed with 67 other countries which also includes Poland, Egypt, Ireland, Hungary, and Chile.

A State Department official did confess that the Vatican had recently established programs to prevent money laundering.

The apologetics 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.

http://www.catholic.org/international/international_story.php?id=45127

[GodlessBiker]

1. I'm not going to argue with the fundamental substance of the headline.

[Why Syzygy]

2. Maybe not, but ..

They don't fall short in the hyperbolic category. No question? Not by ANYONE? I'm sure that isn't true.


The Vatican Bank has operated independently for 30 years, after untangling itself from the Banco Ambrosiano, which itself had become the target of scandal. Since then, there has been no question raised by anyone that the Vatican Bank has operated safely and securely with the highest degree of integrity, State Department pronouncements notwithstanding.

[NAO]

3. P2, Opus Dei, RCC money laundering was documented in the film

"The Pope Must Diet"

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The Jesus-Eating Cult of Rick Santorum
http://www.huffingtonpost.com/larry-doyle/the-jesuseating-cult-of-r_b_1296358.html