VATICAN CITY (CNS) — Investigations into money laundering, insider trading and market manipulation through a Vatican office were launched after an initial report was filed by the Vatican Financial Intelligence Authority in February 2015, the Vatican spokesman said.
Jesuit Father Federico Lombardi, the spokesman, issued a statement Nov. 4 about the investigations involving the Administration of the Patrimony of the Apostolic See. The office, known by its Italian acronym APSA, handles the Vatican’s investment portfolio and its real estate holdings.
The Vatican spokesman’s statement comes on the heels of a report by the British news agency Reuters that Giampietro Nattino, chairman of a private Italian bank, had accounts at APSA and used them for personal trades on the Italian stock market.
The Reuters article says investigators looked at Nattino’s activities between May 22, 2000, and March 29, 2011. The investigations revealed that the Italian banker transferred more than 2 million euros out of his APSA account to a Swiss bank account several days before stricter financial regulations at the Vatican went into effect, Reuters reported.
The report also states that the Vatican Financial Intelligence Authority passed its findings on to Vatican City State judicial authorities regarding Nattino’s activities and recommended the Vatican prosecutor, Gian Piero Milano, also investigate possible involvement by some members of the APSA staff.
Although APSA in 2012 told investigators from “Moneyval” — the Council of Europe’s Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism — that the Vatican decided in 2001 to phase out individual accounts, the Vatican’s internal investigation revealed that accounts like Nattino’s were active until 2009.
Father Lombardi said the Vatican prosecutor’s office requested the involvement of Italian and Swiss judicial authorities in the investigation “by requests sent through diplomatic channels on Aug. 7, 2015.”
Join the CatholicPhilly.com family
CatholicPhilly.com works to strengthen the connections between people, families and communities every day by delivering the news people need to know about the Catholic Church, especially in the Philadelphia region, and the world in which we live.
By your donation in any amount, you and hundreds of other people become part of our mission to inform, form in the Catholic faith and inspire the thousands of readers who visit every month.
Here is how you can help:
- A $100 gift allows us to present award-winning photos of Catholic life in our neighborhoods.
- A $50 gift enables us to cover a news event in a local parish, school or Catholic institution.
- A $20 gift lets us obtain solid faith formation resources that can deepen your spirituality and knowledge of the faith.
- A small, automated monthly donation means you can support us continually and easily.
Won't you consider making a gift today?
Please join in the church's vital mission of communications by offering a gift in whatever amount that you can ― a single gift of $40, $50, $100, or more, or a monthly donation. Your gift will strengthen the fabric of our entire Catholic community and sustain CatholicPhilly.com as your trusted news source. Thank you in advance!
Make your donation by credit card here:
Or make your donation by check:
222 N. 17th Street
Philadelphia, PA 19103