The Bank of the Vatican has been accused of laundering $200 million USD by proxy through an Italian creditor. – I am really so happy that I do not have to investigate this. All those years of Catholic school would come back to haunt me. I can just picture Sister Mary Theresa slapping my hands with a yard stick and saying, “Mr. Sullivan, we do not launder money here!” Quite frankly, I have no idea who would investigate this. The Vatican is a sovereign city-state so I’m not sure who adopts any criminal investigations. Could be a new TV show – CSI: Vatican City.
Read the NY Times detailed article “Vatican Bank in Italian Money Laundering Inquest“

Kevin Sullivan, CAMS, CCI is a retired 