Vatican Money Laundering

In the 80’s The Vatican Bank withheld transaction information from regulators due to its sovereign state status. The church was the largest shareholder in Banco Ambrosiano, Italy’s second largest bank, which moved its funds into illegal offshore accounts and was the subject of a massive political corruption investigation.

Robert Calvi, who was the chairman of the bank reportedly had connections to the mafia and due to his association with The Vatican Bank, was referred to as “God’s banker”.

Banco Ambrosiano subsequently folded after Calvi disappeared along with $1.3 billion. Later, Calvi was found hanging from a bridge in London weighed down by bricks and with 15,000 GBP in his pocket. The day before Calvi was discovered, his secretary apparently committed suicide by jumping out the bank’s fourth floor window.

https://amltrainer.com/the-vatican-elton-john-and-money-laundering-a-scandal-in-the-wind/