Vatican Finances: Vatican officials arrest London property broker for extortion and money laundering

Vatican Finances: Vatican officials arrest London property broker for extortion and money laundering

admin June 8, 2020 0 Comments

CNA—The Holy See press office announced Friday that Italian businessman Gianluigi Torzi has been arrested after he was interrogated as part of a Vatican financial investigation. Torzi played a crucial role in the controversial purchase of a London property development by the Secretariat of State. “Today the Office of the Promoter of Justice of the…

Vatican Bank: Follow the Money if you can

Vatican Bank: Follow the Money if you can

admin April 4, 2019 0 Comments

On January 4, 2013, a month before Pope Benedict resigned, the Italian Central Bank turned the lights off on the entire Vatican. The Vatican no longer had the ability to make any electronic financial transactions. Italian authorities asserted that the Vatican was not in compliance with international money-laundering rules. This was a clear message that…