Market Snapshot
  • U.S.
  • Europe
  • Asia
Ticker Volume Price Price Delta
DJIA 15,354.40 +121.18 0.80%
S&P 500 1,667.47 +17.00 1.03%
Nasdaq 3,498.97 +33.72 0.97%
Ticker Volume Price Price Delta
STOXX 50 2,817.99 +11.29 0.40%
FTSE 100 6,723.06 +35.26 0.53%
DAX 8,398.00 +28.13 0.34%
Ticker Volume Price Price Delta
Nikkei 15,138.10 +100.88 0.67%
Hang Seng 23,082.70 +38.44 0.17%
S&P/ASX 200 5,180.77 +15.11 0.29%

Italian Finance Police Seize Vatican Bank Cash as Chief Probed, Ansa Says

Italian police seized 23 million euros ($30 million) from an account registered to the Vatican Bank, whose chairman is under investigation for alleged money- laundering, Ansa news agency reported, without citing anyone.

Italy’s Finance Police confiscated the funds from an account at Credito Artigiano SpA belonging to the Institute for Works of Religion, as the Vatican Bank is called, Ansa said today. Vatican Bank Chairman Ettore Gotti Tedeschi is being probed by Rome prosecutors for alleged money-laundering, the news agency said.

A spokeswoman for the Vatican and a spokesman for Credito Artigiano in Milan declined to comment when contacted by telephone by Bloomberg News.

Today’s seizure came after the Bank of Italy’s financial intelligence unit on Sept. 15 suspended two wire transfers from the Vatican Bank’s account at Credito Artigiano on suspicion that they violated anti-money laundering laws, financial daily Il Sole 24 Ore reported today.

To contact the reporter on this story: Lorenzo Totaro in Rome at ltotaro@bloomberg.net; Jeffrey Donovan at jdonovan26@bloomberg.net

Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.

Sponsored Link