Int’l Financial Watchdog Yanks Vatican’s Access

Church Militant ^ | 11/20/19 | Stephen Wynne

[marshmallow]

Critical blow to Holy See's financial credibility

VATICAN CITY (ChurchMilitant.com) - A leading international financial watchdog has suspended collaboration with the Vatican, dealing the Holy See's financial credibility a critical blow.

On Tuesday, The Wall Street Journal revealed that the Egmont Group, an elite global collective of more than 160 financial intelligence agencies, has severed the Vatican's access to its web system, which members use to target money laundering, terrorism financing and tax fraud.

The Vatican's own watchdog group, the Financial Information Authority (AIF), remains a member of the Egmont Group, but it is blocked from Egmont's information-sharing network until it can prove that it will not share criminal investigation data gleaned from other financial intelligence units without their permission.

Egmont members are required to exchange data in ways that "ensure levels of security, reliability and effectiveness at least equivalent to those of the Egmont Secure Web."

[headstamp 2]

Immobiliare

[ptsal]

Frankie has a problem.

[Terry L Smith]

Well, there goes the Swiss Guards’ retirement funds!

[irishjuggler]

Frankie has a problem.

I'll believe it when I see it. Thus far, he's been the Teflon Don. Scandals just disappear down the memory hole. There are powerful earthly forces (media, Soros) backing up his agenda... and likely also supernatural forces as well.

[foreverfree]

Bump

[ebb tide]

Ping

[Grampa Dave]

Incredible.

However, there is nothing that Frankie and his thugs would not do if they can get data on everyone.