Italian law - CathNews New Zealand https://cathnews.co.nz Catholic News New Zealand Thu, 18 Jul 2013 04:20:59 +0000 en-NZ hourly 1 https://wordpress.org/?v=6.7.1 https://cathnews.co.nz/wp-content/uploads/2020/05/cropped-cathnewsfavicon-32x32.jpg Italian law - CathNews New Zealand https://cathnews.co.nz 32 32 70145804 Vatican Bank officials accused of breaking Italian laws https://cathnews.co.nz/2013/07/19/vatican-bank-officials-accused-of-breaking-italian-laws/ Thu, 18 Jul 2013 19:02:43 +0000 http://cathnews.co.nz/?p=47232 Prosecutors allege two former top executives at the Vatican Bank repeatedly broke Italian laws on money-laundering by failing to give sufficient information when ordering multi-million-euro bank transfers. Key details missing on requested transfers included the identity of the owners of the funds and the reason for transfer, according to a Reuters report. While the prosecutors Read more

Vatican Bank officials accused of breaking Italian laws... Read more]]> Prosecutors allege two former top executives at the Vatican Bank repeatedly broke Italian laws on money-laundering by failing to give sufficient information when ordering multi-million-euro bank transfers.

Key details missing on requested transfers included the identity of the owners of the funds and the reason for transfer, according to a Reuters report.

While the prosecutors stopped short of accusing the two recently-resigned officials of money-laundering, they said confusion over the handling of accounts at the bank had created the conditions where it could take place.

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