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Is the Obama Admin Attacking the Church By Placing the Vatican on a Financial Crimes List?
The Blaze ^ | 3/13/2012 | B Hallowell

Posted on 03/20/2012 10:13:16 AM PDT by mgist

The Obama administration’s ongoing fight with the Catholic Church over religious freedom and the now-infamous contraceptive mandate hasn’t shown any signs of simmering. But now, just weeks after the initial arguments reached a boiling point, a new development is causing some to wonder if the Obama administration is waging a full-scale assault on the religious institution. Why, you ask?

For the first time, the Vatican has found itself on the U.S. State Department’s list of potential money-launderers. While this is potentially inflammatory on the surface, digging into the facts and details provides a more balanced scope through which to view the designation. This new-found dishonor, once all of the details are considered, is nowhere near as problematic as some critics would contend.

Last Wednesday, the “2012 International Narcotics Control Strategy Report” was released to the public. The document lists 190 nations and classifies them in terms of “primary concern,“ ”of concern“ and ”monitored” (in order from most dangerous to least). The Vatican joins Poland, Egypt, Chile — 67 other countries — in being labeled as “of concern” (the middle category).

According to the State Department, the Vatican made the list because it is considered vulnerable to laundering and because it had recently put a program into place to prevent financial abuses. Clearly, there are issues of concern, but the Catholic Church is taking measures to address these elements.

“While the actual money-laundering problem in jurisdictions classified as ‘Jurisdictions of Concern’ is not as acute as in those considered to be of ‘Primary Concern,’ they too must undertake efforts to develop or enhance their anti-money laundering regimes,” the report reads.

“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,”explained Susan Pittman of the State Department’s Bureau of International Narcotics and Law Enforcement.

The Vatican’s implemented regulations, which came into effect last year, would allow the body to follow international law and standards. The church is hoping to be included on the European Commission’s “white list,” which showcases the nations and bodies that follow strict regulations against laundering and fraud. As Reuters reports, a decision about whether the Vatican will be placed on this list is expected to come in June.


So, while the Vatican is a potential hub for fraud and abuse, it is not being placed on a highly minored or “red alert” list. However, despite this middle-of-the-road categorization, it is important to note that there are definitive issues surrounding the Vatican’s finances. The Daily Mail reports:

The news [of the Holy See's addition to the State Department list] comes just weeks after a series of leaked documents from within the Vatican and which were dubbed ‘Vatileaks’, revealed allegations of corruption and money laundering within the Holy See and which forced officials into issuing a series of denials.

The documents said that despite Pope Benedict signing a new anti money laundering law to make it more difficult for illegal funds to be recycled through Vatican accounts, there was a massive loophole which made it impossible to take action against any offence committed before its introduction on 1 April 2011.

Prosecutors in Rome are currently investigating two transfers totalling 23 million Euros from the Vatican Bank, or the Institute of Religious Works to give it its proper name, to two smaller banks.

That being said, it doesn‘t appear that the State Department’s actions were sinister. After all, the U.S. has listed itself, Germany, Italy and Russia in the most vulnerable category — an action that may seem extremely odd to observers. But the designation comes due to the size of each nation’s economy and banking systems. These large-scale operations can more easily allow for money laundering to take place. The State Department document describes this most serious category as follows:


Jurisdictions of Primary Concern are those that are identified, pursuant to INCSR reporting requirements, as ―major money laundering countries. A major money laundering country is defined by statute as one ―whose financial institutions engage in currency transactions involving significant amounts of proceeds from international narcotics trafficking. However, the complex nature of money laundering transactions today makes it difficult in many cases to distinguish the proceeds of narcotics trafficking from the proceeds of other serious crime.

.


TOPICS: Culture/Society
KEYWORDS: catholicobama; vatican; waronchristianity

1 posted on 03/20/2012 10:13:20 AM PDT by mgist
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To: mgist

bumping


2 posted on 03/20/2012 10:16:21 AM PDT by redhead (Alaska: Step out of the bus and into the food chain.)
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To: mgist

I think that Obama is going to learn what happens when he threatens any church if they don’t go along with him. Especially Rome.


3 posted on 03/20/2012 10:19:45 AM PDT by RC2
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To: mgist

A sample of wonder-boy’s foreign-poligy acumen - give a slap in the face to an organization actively addressing it’s problems. Brilliant!


4 posted on 03/20/2012 10:21:10 AM PDT by In Maryland ("Truth? We don't need no stinkin' truth!" - Official Motto of the Main Stream Media)
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To: mgist
Prosecutors in Rome are currently investigating two transfers totalling 23 million Euros

23 million Euros = $30.4M US. Or about what it cost Obama to fly his family to Martha's Vineyard for a week's vacation.

Give me a break.

5 posted on 03/20/2012 10:28:36 AM PDT by kidd
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To: mgist

YES. They are.


6 posted on 03/20/2012 10:30:16 AM PDT by jdsteel (Give me freedom, not more government.)
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To: In Maryland

Is it just me, or is the world’s spiritual battle more intense than ever and seamingly revealing the once invisible enemy(ies) in plain daylight?


7 posted on 03/20/2012 10:32:03 AM PDT by mgist
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To: mgist
Is Obama Admin Attacking the Church?

Can Michelle eat her weight in groceries?

Does Yogi Bear make a mess in the woods?


8 posted on 03/20/2012 10:35:33 AM PDT by Iron Munro (If Repubs paid as much attention to Rush as the Dem's do, we wouldn't be in this mess)
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To: mgist
Who would have thought that the Antichrist would be Uncle Sam? just kidding/sort of. he he
9 posted on 03/20/2012 10:36:28 AM PDT by mgist
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To: mgist

Is the Obama administration attacking the church?

Is the Pope Catholic?


10 posted on 03/20/2012 10:41:35 AM PDT by marstegreg
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To: mgist

http://web.gbtv.com/media/video.jsp?content_id=20177695


11 posted on 03/20/2012 10:44:51 AM PDT by 353FMG
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To: zot; Interesting Times; SeraphimApprentice

And the beat goes on.


12 posted on 03/20/2012 10:52:24 AM PDT by GreyFriar (Spearhead - 3rd Armored Division 75-78 & 83-87)
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To: mgist

It’s not just you. I feel like there is so much ‘afoot’ in so many areas that I can almost feel something akin to an electric charge in the air ... I don’t know how else to explain it.


13 posted on 03/20/2012 11:05:23 AM PDT by MissMagnolia (Being powerful is like being a lady. If you have to tell people you are, you aren't. (M.Thatcher))
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To: RC2

Let us see how many Catholics vote for Obama this time....anything over 10% would be a travesty.


14 posted on 03/20/2012 11:54:42 AM PDT by stephenjohnbanker (God, family, country, mom, apple pie, the girl next door and a Ford F250 to pull my boat.)
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To: stephenjohnbanker

I hope your right, but I doubt it. Too many so-called Catholics are still asleep or drinking the MSM kool-aid about this guy. Shutting down 2/3 of the hospitals in this country over the HHS mandate would wake up a few people however.


15 posted on 03/20/2012 12:26:02 PM PDT by OriginalChristian (The end of America, as founded, began when the first Career Politician was elected...)
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To: OriginalChristian

Then they are voting for a man who is essentially trying to destroy the Church.


16 posted on 03/20/2012 12:31:43 PM PDT by stephenjohnbanker (God, family, country, mom, apple pie, the girl next door and a Ford F250 to pull my boat.)
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To: GreyFriar

Thanks for the ping. The explanation is interesting.


17 posted on 03/20/2012 1:18:52 PM PDT by zot
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To: stephenjohnbanker

Since the US is about 80% Christian, Obama should only be getting 20% of the votes. I hope Christians of all denominations wake up.


18 posted on 03/20/2012 2:33:14 PM PDT by mgist
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To: mgist

My church is about 120 in size, and I only know of 4 who MAY support Obama.


19 posted on 03/20/2012 2:37:32 PM PDT by stephenjohnbanker (God, family, country, mom, apple pie, the girl next door and a Ford F250 to pull my boat.)
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To: mgist
"Is it just me, or is the world’s spiritual battle more intense than ever and seamingly revealing the once invisible enemy(ies) in plain daylight?

Only if you have your eyes open ... unfortunately most of America does not.

20 posted on 03/20/2012 2:58:06 PM PDT by In Maryland ("Truth? We don't need no stinkin' truth!" - Official Motto of the Main Stream Media)
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To: mgist

Obama is not a Christian. No Christian man would attack the Catholic church the way he has.


21 posted on 03/20/2012 3:09:52 PM PDT by jersey117 (The Stepford Media should be sued for malpractice)
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To: jersey117

obama is not taking any action such as this toward any muslim organization.
Also heard on the radio yesterday that the obama goons are going after the vatican through Bank of America’s branch in Milan.

Guess that’s what happens when the commies nationalized the banks. They can now go after their political enemies monitarily.


22 posted on 03/21/2012 3:58:49 AM PDT by Texas resident (Hunkered Down)
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To: stephenjohnbanker

That didn’t stop 56% of them last time, when we knew his radical pro-abortion position. That should have given some of them at least a clue. As to destroying the Church, I don’t think so, but he may find the Church destroying him pretty quickly.


23 posted on 03/21/2012 6:21:57 AM PDT by OriginalChristian (The end of America, as founded, began when the first Career Politician was elected...)
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To: OriginalChristian

Better him, than the church : )

56%.......sad.


24 posted on 03/21/2012 9:03:24 AM PDT by stephenjohnbanker (God, family, country, mom, apple pie, the girl next door and a Ford F250 to pull my boat.)
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