Six- Current Event Notes

Article:
Vatican Bank faces money laundering Probe
by the CNN Wire staff
posted September 21
from CNN.com

There is an investigation by italian authorities over a violation of the money laundering regulations in the vatican. A different Italian bank alerted investigators that they had found 2 vatican transactions that did not fit into their requirements. The Vatican Bank is the most secret bank in the world, and no one actually knows how much money it controls. The requirement that was not met in the transaction was that the bank did not give enough information about the transfers, the transfers were one for twenty million euros and one for three million euros.
it gets tricky because vatican city is technically a sovereign state- italy only has
certain powers over them
pope created the account for only holy causes
the two transactions did not give enough detailed information

i i thought it was interesting how there is a top secret bank account, and since the vatican is its own state how it has its own special regulations.

it was slightly biased because not much information is being given from the vatican, not enough to give reasonings for the two transactions, or even what rules the bank has, and where and what is the money directly going to.