VATICAN CITY
Catholic Philly
By Cindy Wooden • Catholic News Service • Posted February 21, 2017
VATICAN CITY (CNS) — While the trial of five people accused of leaking confidential Vatican financial documents captured headlines in 2016, the Vatican City court also continued investigating possible financial crimes, freezing more than $2.1 million in assets deposited at the Vatican bank.
Gian Piero Milano, promoter of justice at the Vatican City court, summarized the city-state’s judicial activity Feb. 18.
The funds were frozen in 2016 as part of Vatican investigations of possible money laundering, Milano said. From 2012 through 2016, he said, the Vatican Financial Intelligence Authority reported 23 cases of suspicious transactions to the court; 17 of those cases still are under investigation, he said.
The total funds frozen over the past four years, Milano said, included almost 11.3 million in euros, just over 1 million in dollars and more than 320,000 British pounds — a total equivalent to about $13.3 million.
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