JP Morgan Complicit In Vatican Bank Money-Laundering

The Council of Europe presented a preliminary report in Strasbourg Wednesday on massive money-laundering by the Vatican. As JP Morgan was the Vatican’s chief bank until the scandal broke, The Morgue may soon have a much bigger scandal and PR nightmare on its hands than a simply $9 billion derivatives loss.  ‘It is clear that it is complicit in money-laundering in Europe with the Vatican, having abetted Vatican bank money-laundering and fraud by allowing IRS-defined suspicious transactions pass through their institution.’

From the Silver Vigilante:

This financial account allegedly processed more than a billion euros for the Vatican bank through last year. Italian investigators suspect the account was used to launder funds from “dubious sources.” According to the strict anti-money-laundering laws to which financial institutions are supposed to be held, JP Morgan should be considered a primary suspect in massive money-laundering operations in Europe, centered at the Vatican bank. Considering the blatant record amassed by the Vatican – it’s fraudulent and illegal dealings – JP Morgan worked as one of the pope’s banksters with complete disregard for moral hazard. It was not until JP Morgan was caught naked in bed with the pope, engaging in massive and illegal transfers, did the bank begin scrutinizing the Vatican’s financial dealings to which it was an accomplice. To this point, the mainstream media has focused on the shadyness of the Vatican – an age-old story, literally – and not directly implicated JP Morgan in yet further financial crimes.

The transfers did not come with information regarding account holders or purposes for the transfers. Of that amount, 20 million pounds apparently was heading to the Vatican’s JP Morgan account in Frankfurt. The other 3 million euros were heading for an account at a different bank in Rome.

Federal prosecutors in Rome froze the funds. Investigations followed implicating Tedeschi, for one, in violating anti-money laundering regulations. Then, JP Morgan leaped into action late, and “started asking Vatican officials where the money that had been regularly flowing through the Milan account was actually coming from. But they didn’t get any satisfactory answers. As a result, the bank then gave the IOR an internal classification as a high-risk client and started monitoring its transactions for clues that might point to money-laundering.”
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Was the petrol price rigged too?

JP Morgan Complicit In Vatican Bank Money-Laundering » Philosophers stone | Philosophers stone

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2 Responses to JP Morgan Complicit In Vatican Bank Money-Laundering

  1. Pingback: LIBOR – REICHSTAG MOMENT – VATICAN BANK – UNIFIED WORLD CURRENCY | Minutiae

  2. Wawan says:

    Very informative. And in India no poicle will contact Interpol or anyone for details. And in some cases Indian court orders, poicle say they send a letter.

    Like

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