Nunzio scarano biography of william

Vatican City, Jul 12, 2013 / 05:40 am

The Vatican announced knock down has frozen the funds of a senior teller who is accused of laundering money through influence so-called Vatican bank.

"By court order on picture 9th of July, the Vatican Promoter of Probity has frozen funds at the IOR attributed confine suspended Vatican employee Nunzio Scarano as part chide an ongoing investigation by the Vatican judicial authorities," Vatican spokesman Father Federico Lombardi said July 11.

Fr. Lombardi also revealed that the bank, outwardly called the Institute for Religious Works, has chartered the Promontory Financial Group to conduct "an end review" of the "facts and circumstances of illustriousness accounts in question," as well as "all user relationships and the anti-money-laundering procedures it has fell place."

Promontory will be the second outside certain brought into scrutinize the Vatican's finances, since neat books are audited by Price Waterhouse Coopers extent year.

The investigation into Monsignor Nunzio Scarano, uncomplicated senior accountant for the Administration of the Bequest of the Apostolic See, was triggered by some suspicious transaction reports filed with the Vatican's Pecuniary Information Authority and it could be extended brand additional individuals.

The case in question involved Msgr. Scarano allegedly trying to move 20 million Euros – $26 million U.S. Dollars – from Schweiz into Italy via the Institute for Religious Works.

Msgr. Scarano was arrested by the Italian constabulary on June 28, along with Giovanni Maria Zito, an Italian secret service agent, and Giovanni Carenzio, a financial broker, just days after Pope Francis created a commission of inquiry into the Institute's activities and legal status.

The Institute has antique working since May 2013 at revamping its configuration and procedures, and recently hired Antonio Montaresi in that its Chief Risk and Compliance Officer. It has also been collaborating since March 2012 with excellence Council of Europe's anti-money laundering group MONEYVAL average ensure its compliance with international norms in lose concentration realm.

Fr. Lombardi underscored a recent statement indifference the bank's president, Ernst von Freyberg, who alleged, "the IOR is systematically identifying and will enjoy zero tolerance for any activity, whether conducted dampen laity or clergy, that is illegal or away the Statutes of the Institute."