Posted on 03/09/2012 3:26:47 PM PST by Razzz42
The Vatican has for the first time appeared on the State Department's list of money-laundering centers but the tiny city-state is not rated as a high-risk country. The 2012 International Narcotics Control Strategy Report was made public on Wednesday and Washington's list of 190 countries classifies them in three categories: of primary concern, of concern and monitored. The Vatican is in the second category, grouped with 67 other nations including Poland, Egypt, Ireland, Hungary and Chile. It was added to the list because it was considered vulnerable to money-laundering and had recently established programs to prevent it, a State Department official said. "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," Susan Pittman of the State Department's Bureau of International Narcotics and Law Enforcement, told Reuters. Last year, the Vatican adapted internal laws to comply with international standards on financial crime. The Vatican is seeking inclusion on the European Commission's so-called "white list" of states who comply with international standards against tax fraud and money-laundering. A decision on its inclusion is expected in June.
(Excerpt) Read more at reuters.com ...
seen this? the Pope is stepping down
http://www.christian-faith.com/forjesus/pope-benedict-to-step-down-april-15-2012
The Vatican asked to be rated and believes it will show up as a good guy. Whoopty do, in other news the ocean is still wet. I’d be afraid, if anything, of some CINO congregation pulling financial antics through the Vatican.
Given what the Left is doing inside a Church money-center like CCHD, it’s probably not a bad idea.
April Fools early.
They must be cause they aren’t. Muhammadans
@ SF_Redux: Yeah, and I decided to stop being a mom.
is it a read and comprehending thing?
The last Pope to resign was Pope Gregory XII (1406–1415), who did so to end the Western Schism, which had reached the point where there were three claimants to the papal throne, Roman Pope Gregory XII, Avignon Antipope Benedict XIII, and Pisan Antipope John XXIII. Before resigning he formally convened the already existing Council of Constance and authorized it to elect his successor.
http://en.wikipedia.org/wiki/Papal_resignation
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