>>9885142 lb
>oh so that's where little crack head had to kick the money up to.
>Feel sorry for Biden's son. OUCH
I think 'As the World Turns' is also about Energy and who controls Energy.
The World, even the cabal, needs to control Energy
Burisma>>>Ukraine >>>Money Laundering>>>Vatican Bank>>Iran
The Money-Laundering Vatican Bank Comes Clean
CASH AND CARRY
After multiple accusations of money laundering and major international pressure, the Institute for Works of Religion is cracking down on some of its sleazier clients.
Updated Jul. 12, 2017 3:47PM ET / Published May. 19, 2014 1:50PM ET
VATICAN CITY — In a small room on an upper floor of the Vatican’s only bank, dozens of auditors pore over accounts looking for potentially sinister activity. The bank, known as the IOR or Institute for Works of Religion, is, perhaps fittingly, housed in a medieval tower that once was used as a Vatican prison. It is undergoing a tedious reinvention of sorts, trying to clean up its act after decades of scandals. Rooting out clients who have used the bank’s lackadaisical standards is an essential step in its reincarnation as a trustworthy financial institution.
>The Money-Laundering Vatican Bank Comes Clean
“To understand IOR, you have to look beyond the towers and castles,” Max Hohenberg, the bank’s spokesperson told The Daily Beast on a tour of the facilities. “You have to start with the concrete services the institute provides and understand that we have a unique set of clients.”
Indeed. The bank’s current president Ernst von Freyberg, a German analyst who was appointed to the job by Pope Benedict XVI in 2013 after the previous president Ettore Gotti Tedeschi was ousted in 2012, has no easy task ahead of him. Among the ongoing calamities playing out in the background as he works to reform the bank are two very serious criminal cases:
The bank’s former general director Paolo Cipriani and his deputy Massimo Tulli are facing trial for money laundering in the Italian judicial system. And Nunzio Scarano, a priest known as Monsignor 500 for his penchant for moving cash denominated in €500-euro bills (worth almost $700 each), is facing trial for allegedly using his Vatican bank account to launder some $26.2 million from Switzerland. Scarano was the director of accounting services for the Vatican’s treasury.
The bank acknowledges that it has some problems, but says they are anomalous. “We have no indication of systematic abuse,” Von Freyberg told The Daily Beast. “Over the past 12 months we have identified a few black sheep.”
On Monday the Vatican’s Financial Intelligence Authority or AIF, which was formed by Benedict in 2010 to help set up a regulatory system to combat money laundering within the bank, presented its first report on just how the bank is doing. The AIF was given an important endorsement in November 2013 when Pope Francis issued a motu proprio or decree in his own words that bolstered the reach of the AIF to include supervision and financial intelligence.
According to the initial findings outlined in the report, IOR has been steadily identifying many more suspect bank clients than ever before. In 2012, there were just six cases of suspicious activity by account holders reported to authorities; in 2013, there were 202 such cases.
According to René Brülhart, the oversight director of the AIF, pressure from international banks that the IOR does business with played an important role in the progress. “This increase is also due to international cooperation fostered by a series of bilateral agreements we have concluded,” he told reporters on Monday when he presented the report.
ADVERTISING
But despite the bank’s efforts to improve its best practices, not everyone is willing to do business with the IOR just yet. Among the most problematic entities that refuse to recognize the IOR as a trustworthy financial institution is the Bank of Italy, which reigns over dozens of Italian banks and many international banks with Italian branches. That means Italian account holders with IOR accounts, including countless Vatican employees who live in Rome and get paid into their Vatican bank accounts, cannot transfer funds to most banks outside the Vatican City State, which then forces them to transfer the money in cash, opening the door to tax evasion, corruption or money laundering.
In fact, the bank’s biggest problem has always been its reliance on cash. More than 25 percent of all its business is cash based, which can be explained away by the fact that more than half of its account holders are religious institutions that make their money from cash donations. But, according to Brühlart, the number of cash transactions exceeding €10,000 ($14,000) also has decreased steadily. IOR registered 1,557 declarations for outgoing cash in 2013, down by more than 200 from a year earlier and just 550 declarations for deposits of more then €10,000 in 2013, down by 48 from 2012. This, he says, is due to the introduction of new procedures and more prudent monitoring of activities.
Before 2010, the bank essentially turned a blind eye to large cash deposits and withdrawals, which cost them dearly. Major financial institutes, including JP Morgan, ceased doing business with the IOR in 2012 because of a lack of transparency.
Now, it operates more in accordance with international standards, including those set forth by the European Union’s Moneyval, which issued a damning report in 2012 (PDF) that led to the temporary suspension of credit card services at the Vatican’s museums and souvenir shops.
>Indeed. The bank’s current president Ernst von Freyberg, a German analyst who was appointed to the job by Pope Benedict XVI in 2013 after the previous president Ettore Gotti Tedeschi was ousted in 2012, has no easy task ahead of him. Among the ongoing calamities playing out in the background as he works to reform the bank are two very serious criminal cases:
>The bank’s former general director Paolo Cipriani and his deputy Massimo Tulli are facing trial for money laundering in the Italian judicial system. And Nunzio Scarano, a priest known as Monsignor 500 for his penchant for moving cash denominated in €500-euro bills (worth almost $700 each), is facing trial for allegedly using his Vatican bank account to launder some $26.2 million from Switzerland. Scarano was the director of accounting services for the Vatican’s treasury
^^^^^^^^^^^^^^^^^^^^^^^^^
why Pope Benedict was replaced
Ken kucinelli will be on CNN about sending students back home
and new report says covid antibodies only last a few weeks - per CNN
>Former LA City Councilman Mitchell Englander pleads guilty to obstructing investigation into City Hall corruption
^^^^^^^^^^^^^^^notable
A bank scandal, an oligarch and the IMF: Ukraine’s president has a lot to deal with right now
PUBLISHED FRI, SEP 20 20192:31 AM
https://www.cnbc.com/2019/09/20/privatbank-ukraines-president-zelensky-and-the-oligarch-kolomoisky.html
The IMF, which had given Ukraine a $17.5 billion aid package in 2015, backed the nationalization but insisted earlier this year that “it is important that the authorities continue their efforts to recover losses from former owners and related parties of failed banks.”
https://www.imf.org/en/About/Factsheets/Sheets/2016/07/27/15/31/IMF-World-Bank
What are the purposes of the Bretton Woods Institutions?
The International Monetary Fund and the World Bank were both created at an international conference convened in Bretton Woods, New Hampshire, United States in July 1944.
The goal of the conference was to establish a framework for economic cooperation and development that would lead to a more stable and prosperous global economy. While this goal remains central to both institutions, their work is constantly evolving in response to new economic developments and challenges.
The 2007 external review of Bank-Fund collaboration led to a Joint Management Action Plan on World Bank-IMF Collaboration (JMAP) to further enhance the way the two institutions work together. Under the plan, Fund and Bank country teams discuss their country-level work programs, which identify macroeconomic and sectoral issues, the division of labor, and the work needed in the coming year. A review of Bank-Fund Collaboration underscored the importance of these joint country team consultations in enhancing collaboration.
To strengthen IMF-WB collaboration at the Board level, joint meetings of Executive Directors of the two institutions are held once or twice a year to exchange views and capitalize on the strong complementarities in the two institutions’ work.
coccinelli smacking down cnn Brianna Keillor
Ken Cuccinelli is making CN anchor look like an idiot
KC just told Cnn i pay attention to this, but i know you don't….whoa …should have seen her face.
CNN is arguing by sending foreign students home, we are taking an economic hit.
he called her reasoning 'JUST SILLY"
BUT THEN you are forcing schools to open…
NO, YOU IDIOT, WE ARE GIVING THEM OPTIONS.
>The “Second Wave” Is Here As Expected, Bill Gates Says This One Will Get Our Attention
He and fauci need to get on the same page….fauci says we are still in first wave.
'Brianna, I understand your need to trash the president, but you are wrong'
"Brianna, I am not sure where you are getting your info, but we are testing moar than any other country and we have driven death rates down"
"America is a leader and we continue to do better in driving the rate down"
"Brianna, We are the most transparent country in the whole world and I don't even know now much you can trust another country's numbers"
"Brianna, the White HOuse is taking a neutral position on the Confederate flag and I agree with him. Debates belong in the states and the FED should not be deciding for them?
"Brianna, whatever your interpretation, the President said he is neutral on the flag"
have no idea what you are saying..I am just telling you how Ken Cucinnelli is smacking down the bitch on CNN
okay, satanist
Brianna, you are wrong, the confederate flag is not part of anything the Federal Govt does.
Brianna, you want me to commit hearsay..
I let Trump's answers stand.
I work for the Administration that has kept the federal govt out of these issues and I respect States rights.
what is your issue?
https://twitter.com/search?q=Ken%20Cuccinelli&src=typed_query
yep, Cuccinelli triggered the left.
we use our brain, but you don't use yours…it is a sign of demonic possession to remain ignorant despite what your eyes see.
>Because the American People [United] is the most powerful force on Earth.
George Washington said that the thing that separates American Christians from everybody else is that they "would rather die on their feet before they live on their knees"?
hey NYT WRITER.
You would rather live on your knees.
>According to Intelligence sources who spoke to The Federalist, Adam Schiff’s top aides were briefed on the Russia-Taliban bounty intel back in February during a CODEL trip to Afghanistan.
>>According to Intelligence sources who spoke to The Federalist, Adam Schiff’s top aides were briefed on the Russia-Taliban bounty intel back in February during a CODEL trip to Afghanistan.
Nancy Pelosi's weekend visit to Afghanistan included Adam Schiff and a Republican you never heard of
HalBrown
Community (This content is not subject to review by Daily Kos staff prior to publication.)
Monday October 21, 2019 · 8:44 AM CDT
https://www.dailykos.com/stories/2019/10/21/1893990/-Nancy-Pelosi-s-weekend-visit-to-Afghanistan-included-Adam-Schiff-and-a-Republican-you-never-heard-of