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Vatican bank charged with money laundering

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“

About the Author

Kevin Sullivan, CAMS, CCI is a retired New York State Police Investigator and Federal Agent who dedicated his career to AML and continues that work through his company, The AML Training Academy and Advisory LLC. Kevin coordinated AML investigations for the state of New York while being detailed to one of the worlds largest AML task forces, the NY High Intensity Financial Crime Area (HIFCA) El Dorado Task Force. He has helped develop and implement global AML guidelines and trained and advised all industries and government agencies requiring AML around the globe. He helped to write various certification programs for the Association of Certified Anti-Money Laundering Specialists’ (ACAMS) and was the co-founder and former chair of their inaugural chapter which was in NY. Follow Kevin or reserve a seat in one of his live webinars. Space is limited!

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