It seems like it was just yesterday that Barack Obama was posing with Pope Benedict XVI for a photo-op and lying about how he was going to reduce abortions.
President Barack Obama, first lady Michelle Obama and Pope Benedict XVI stand for a photo with members of the United States delegation, Friday, July 10, 2009, at the Vatican. (AP)
Today the Obama Administration put the Vatican on a money-laundering watch list.
Reuters reported:
The Vatican has for the first time appeared on the State Department’s list of money-laundering centers but the tiny city-state is not rated as a high-risk country.
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The 2012 International Narcotics Control Strategy Report was made public on Wednesday and Washington’s list of 190 countries classifies them in three categories: of primary concern, of concern and monitored.
The Vatican is in the second category, grouped with 67 other nations including Poland, Egypt, Ireland, Hungary and Chile.
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It was added to the list because it was considered vulnerable to money-laundering and had recently established programs to prevent it, a State Department official said.
“To be considered a jurisdiction of concern merely indicates that there is a vulnerability to a financial system by money launderers. With the large volumes of international currency that goes through the Holy See, it is a system that makes it vulnerable as a potential money-laundering center,” Susan Pittman of the State Department’s Bureau of International Narcotics and Law Enforcement, told Reuters.
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Last year, the Vatican adapted internal laws to comply with international standards on financial crime.
Hat Tip Ed
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