"after being convicted of lesser charges of making false allegations. His money laundering trial in his hometown of Salerno was still pending at this time. In February 2017, A court in Rome convicted two former top Vatican Bank officials Paolo Cipriani and Massimo Tulliof for omissions in communications involving three small transfers. Cipriani was a former Vatican bank director and Tulliof was Cipriani's former deputy. They were, however, acquitted of a more serious money laundering charge, which involved $60 million in transfers, and were sentenced to four months and ten days in prison. They were also forced to return $6,000"
"provided funds for political parties in Italy, and for both the Somoza dictatorship in Nicaragua and its Sandinista opposition. It has been widely alleged that the Vatican Bank provided money for Solidarity in Poland. Calvi used his complex network of overseas banks and companies to move money out of Italy, to inflate share prices, and to arrange massive unsecured loans. In 1978, the Bank of Italy produced a report on Ambrosiano that predicted future disaster. On 5 June 1982, two weeks before the collapse of Banco Ambrosiano, Calvi had written a letter of warning to Pope John Paul II, stating"
"close to Bishop Paul Marcinkus, the bank's chairman. Ambrosiano also provided funds for political parties in Italy, and for both the Somoza dictatorship in Nicaragua and its Sandinista opposition. There are also rumours that it provided money for Solidarity in Poland (it has been widely alleged that the Vatican Bank funded Solidarity). Calvi used his complex network of overseas banks and companies to move money out of Italy, to inflate share prices, and to secure massive unsecured loans. In 1978, the Banca d'Italia (Bank of Italy) produced a report on Ambrosiano that predicted future disaster and led to criminal investigations."
"was indicted in Italy in 1981 as an accessory in the $3.5 billion collapse of Banco Ambrosiano, one of the major post-war financial scandals. Banco Ambrosiano was accused of laundering drug money for the Sicilian Mafia. The Vatican leaks scandal is a scandal involving leaked Vatican documents, allegedly exposing corruption. The scandal first came to light in January 2012, when Italian journalist Gianluigi Nuzzi published letters from Carlo Maria Viganò, formerly the second ranked Vatican administrator to the pope, in which he begged not to be transferred for having exposed alleged corruption that cost the Holy See millions in higher"
"was alleged to have links with Banco Ambrosiano, an Italian bank that collapsed in 1982. At the centre of the bank's failure was its chairman, Roberto Calvi, and his membership in the illegal Masonic Lodge Propaganda Due (aka P2). The Vatican Bank was Banco Ambrosiano's main shareholder, and the death of Pope John Paul I in 1978 is rumoured to be linked to the Ambrosiano scandal. Calvi, often referred to as ""God's Banker"", was also involved the Vatican Bank, Istituto per le Opere di Religione, in his dealings, and was close to Bishop Paul Marcinkus, the bank's chairman. Ambrosiano also"
"would cut off funds to Somoza, the CIA feared if Nicaragua fell to the Marxist Sandinistas, the USA would soon be looking at a half-dozen mini-Cubas in Central America. Suspected CIA covert agent Chicago Cardinal Cody visited the Polish cardinal (John Paul II) in Krakow during the papacy of John Paul I. What Gregoire brings to the table is the complete record of the courts that tried the bank scandal—from the first transaction that took place on October 22, 1978 six days after John Paul II took office, to the last transaction in 1981 when Ambrosiano was caught funneling hundreds"
"Solidarity Polish trade union ""as part of the final offensive against the Soviet Union"". The organization American Atheists says covert United States funds were channelled in the same way both to Solidarity and to Contra guerrillas. ""Alperin v. Vatican Bank"" was a class action suit by Holocaust survivors against the Institute for the Works of Religion filed in San Francisco, California on 15 November 1999. The case was dismissed as a political question by the District Court for the Northern District of California in 2003, but reinstated in part by the Ninth Circuit Court of Appeals in 2005. That ruling"
"in London some days after he went missing from Milan. The Istituto per le Opere di Religione, then a 10% shareholder of Banco Ambrosiano, denied legal responsibility for the Banco Ambrosiano's downfall but acknowledged ""moral involvement"", and paid US$224 million to creditors. Several books published during the 1980s and 1990s were highly critical of the Institute for the Works of Religion's historical relations with anti-communist governments. Tony Abse, writing in ""The Weekly Worker"", an organ of the Communist Party of Great Britain, has said that the CIA used the Institute for the Works of Religion to funnel funds to the"
"his business affairs brought to light questionable associations with the Mafia as well as the secret P2, a bogus ""Masonic"" lodge that the Italian Parliament branded as a subversive organization. The 1974 failure of Sindona's Franklin National Bank and the subsequent collapse of his financial empire, into which he had channeled part of the Holy See's investments, entailed losses for the Vatican estimated by one source at 35 billion Italian lire (£20 million). In 1982, a political and financial scandal connected with the collapse of Banco Ambrosiano involved the head of IOR from 1971 to 1989, Archbishop Paul Marcinkus, who"
"restrictions to financial institutions are facing tough opposition in the Mexican legislature. In 2011, Wachovia, at one time a major U.S. bank, was implicated in laundering money for Mexican drug lords. In a settlement, Wachovia paid federal authorities $110 million in forfeiture. A US Senate report from the permanent subcommittee for investigations revealed in July 2012 that HSBC – one of Europe's biggest banks- moved $7 billion in bulk cash from Mexico to the US, most of it suspected to assist Mexican drug lords and US drug cartels in moving money to the US. While money laundering problems at HSBC"
"Lt. handled $9 billion through a network of companies. Involved parties included Chadborg Trade, LLP, a British shell company, and Tronlux Ventures LLP, also a British shell company. By June 2017, the UK watchdog authority the Financial Conduct Authority had demanded information from HSBC and the Royal Bank of Scotland concerning the Russian Laundromat. Citibank was listed among the American banks who were named as having handled the laundered funds, with banks in the US processing around $63.7 million between 2010 and 2014. Citibank was listed as having processed $37 million of that amount, with others including the Bank of"
"the Secret World of Opus Dei"" (1997). According to the magistrates who indicted Licio Gelli, P2's headmaster, and Giuseppe Calò for Calvi's murder, Gelli would have ordered his death to punish him for embezzlement of his and the mafia's money, while the mafia wanted to stop him from revealing the way Calvi helped it in money laundering. Banco Ambrosiano Banco Ambrosiano was an Italian bank that collapsed in 1982. At the center of the bank's failure was its chairman, Roberto Calvi, and his membership in the illegal former Masonic Lodge Propaganda Due (aka P2). The Institute for the Works of"
"tens of thousands of Nicaraguans and was the subject of fierce international debate. During the 1980s both the FSLN (a Leftist collection of political parties) and the Contras (a rightist collection of counter-revolutionary groups) received large amounts of aid from the Cold War super-powers (respectively, the Soviet Union and the United States). The set of specific economic policy prescriptions that were considered the ""standard"" reform package were promoted for crisis-wracked developing countries by Washington, D.C.-based institutions such as the International Monetary Fund (IMF), World Bank, and the US Department of the Treasury during the 1980s and 1990s. In recent years,"
"on the highest levels that the case against Marcinkus could not be pursued any further."" In July 1982, Marcinkus was implicated in financial scandals being reported on the front pages of newspapers and magazines throughout Europe, particularly the collapse of the Banco Ambrosiano, in which Propaganda Due (aka ""P2""), a Masonic Lodge, was involved (Marcinkus had been a director of Ambrosiano Overseas, based in Nassau, Bahamas, and had been involved with Ambrosiano's chairman, financier Roberto Calvi, for a number of years). He also was involved with Michele Sindona, who had links with the Mafia. Upon the election of Pope John"
"of the Banco Ambrosiano. Marcinkus, at the time head of the Vatican Bank, was indicted in Italy in 1982 as an accessory in the $3.5 billion collapse of Banco Ambrosiano. Calvi was a member of P2, an illegal Italian Masonic lodge. He was found dead in London in 1982, after disappearing just before the corruption became public. His death was initially ruled suicide and a second inquest – ordered by his family – then returned an open verdict. Upon publication of his book, Yallop agreed to donate every penny he made from sales to a charity of the Vatican's choice"
"to advance the causes of workers' rights and social change. The government attempted to destroy the union by imposing martial law in Poland, which lasted from December 1981 to July 1983 and was followed by several years of political repression from 8 October 1982, but in the end it was forced to negotiate with Solidarity. In the union's clandestine years, Pope John Paul II and the United States provided significant financial support, estimated to be as much as 50 million US dollars. The round table talks between the government and the Solidarity-led opposition led to semi-free elections in 1989. By"
"ships were seized under the embargo. Iraq, operating with an Italian-owned bank in the United States, obtained billions in credit from the state-owned, Banca Nazionale del Lavoro (BNL), the largest in Italy, funneled US$5 billion to Iraq from 1985 to 1989. The U.S. branch of BNL made considerable use of U.S. loan guarantees. On 4 August 1989, the FBI raided the Atlanta office of BNL, the Italian Government-owned bank agency in Atlanta, were transactions relating to Matrix Churchill and its takeover by Iraq, as well as several other firms, including TDG, TEG, and Euromac, that the CIA linked to Iraq's"
"Ambrosiano echoed a previous scandal in 1974, when the Holy See lost an estimated US$30 million upon the collapse of the Franklin National Bank, owned by the Sicilian-born financier Michele Sindona. Bad loans and foreign currency transactions led to the collapse of the bank. Sindona later died in prison after drinking coffee laced with cyanide. On 5 June 1982, two weeks before the collapse of Banco Ambrosiano, Calvi wrote a letter of warning to Pope John Paul II, stating that such a forthcoming event would ""provoke a catastrophe of unimaginable proportions in which the Church will suffer the gravest damage."""
"$434,076,385. Global banks that touched the laundered money included Deutsche Bank, Standard Chartered, and Barclays. Afterwards, it was reported that $740 million had been processed by British banks as part of the scheme. On 20 March 2017 the British paper ""The Guardian"" reported that hundreds of banks had helped launder KGB-related funds out of Russia, as uncovered by the investigation named Global Laundromat. Among banks facing scrutiny under the investigation included HSBC, the Royal Bank of Scotland, NatWest, Lloyds, Barclays and Coutts. HSBC was listed among the 17 banks in the UK that were “facing questions over what they knew"
"profitable foreign lender”. On March 20, 2017, ""The Guardian"" reported that hundreds of banks had helped launder KGB-related funds out of Russia, as uncovered by an investigation named Russian Laundromat. Citibank was listed among the American banks that were named as having handled the laundered funds, with banks in the US processing around $63.7 million between 2010 and 2014. Citibank was listed as having processed $37 million of that amount, with others including Bank of America, which processed $14 million. as the bank “handled $113.1 million” in Laundromat cash. Citibank is one of the lead lenders to the developers of"
"America, which processed $14 million. as the bank “handled $113.1 million” in Laundromat cash. Others included JP Morgan and Wells Fargo in the United States. More than $6 billion was fraudulently moved, laundered or embezzled from Kazakhstan's BTA Bank by its former Chairman and CEO Mukhtar Ablyazov. In response to the reports, HSBC stated that it was against financial crime, and that the case “highlights the need for greater information sharing between the public and private sectors.” Citi and Standard Standard Chartered responded with statements against the activities, while Wells Fargo, Deutsche Bank, Bank of America, and JP Morgan initially"
"twelve years later, in 1993, during the mani pulite (Italian for ""clean hands"") investigations into political corruption. The money was allegedly a kickback on a loan which the Socialist leaders had organised to help bail out the ailing Banco Ambrosiano. Rumours that the Minister of Justice, Martelli, was connected with the account had been circulating since investigations began into the P2 plot. He always flatly denied them. However, learning that formal investigations were opened, he resigned as minister. The Parliamentary Commission of Inquiry, headed by Anselmi, concluded that the P2 lodge was a secret criminal organization. Allegations of surreptitious international"
"allegations of the United States Department of Finance, accusing Credexbank, a Belarusian bank, of money laundering. On June 23, 2012, the first deputy chairman of the Board of the National Bank of Belrussia Mikalay Luzgin said, presently the National Bank is verifying the data obtained from the US Department of the Treasury. Mikalay Luzgin is in charge of the bank surveillance. Later, in response to the money laundering allegations, the National Bank of Belarus conducted an unscheduled inspection of Credexbank and did not find evidence of impropriety. The National Bank of Belarus announced that, Credexbank JSC CredexBank was a joint"
"the company’s balance sheets be prepared. The complaint also charged the defendants with irregular conduct and misconduct, mismanagement, and false balance. In July 2013 it was reported that the Argentinian justice department had opened two investigations into the Báezes, one for extortion and one for laundering, and that the Swiss Confederation had also opened a criminal investigation into money laundering involving both Lázaro and Martin Báez. Campagnoli, it was noted, had traced “the repatriation of millions of euros” by these two men and their confederates “from Switzerland to Argentina.” It also emerged in July 2013 that security cameras revealed that"
"political research. Revelations by ""The Guardian"" newspaper in 2009 resulted in the UK's Charity Commission opening a regulatory compliance case into the Trust. It was reported in December of the same year that the alliance requested certain of its donors — identified as ""private businessman"" located in the English Midlands - to channel funds through the trust for research into policies which might potentially damage their commercial interests. This move allegedly allowed the Alliance to receive tax relief on the donations; tax accountants have stated that the move potentially breached charity law, as UK commission guidelines state that organisations may"
"Citibank, as well as ICAP (Intercapital), an interdealer broker. By 4 July 2012, the breadth of the scandal was evident and became the topic of analysis on news and financial programs that attempted to explain the importance of the scandal. Two days later, it was announced that the UK Serious Fraud Office had also opened a criminal investigation into manipulation of interest rates. The investigation was not limited to Barclays. It has been reported since then that regulators in at least ten countries on three different continents are investigating the rigging of the Libor and other interest rates. Around 20"
"against it in November 2013. Further contacts between the two governments in the matter were made by persons at lower levels. It was reported in July 2014 that Club Boca Rio Gallegos, a football club chaired by Martín Báez, was, like him, being investigated for money laundering. Martin Báez Martin Antonio Báez is an Argentinian businessman and the son of Lázaro Báez. The younger Báez, who is a director of Austral Construcciones, a construction firm founded by his father, is, like the elder Báez, a central figure in the corruption scandal known variously as “Lázarogate” and “The Route of the"
"held a number of meetings at the IMF, IRI, Heritage Foundation. The issues discussed at the meetings included reforms progress in the sphere of finance and also law enforcement and judicial systems, U.S. experience in supporting small and medium enterprises as well as high level of political corruption in the contest of creating and organizing the work of the anti-corruption court. Since 2013 his family's business and Rybalka himself have been persecuted for his political activity. Specifically, the media reported the first searches in January 2014. Later, the family's company was accused of tax evasion, drug trade, illegal surveillance, fraud"
"Industries, Incorporated (FPI) board from 1980-1988, representing Labor during FPI's growth years. On the international front, Kirkland's support of the Solidarity movement in Poland contributed to the decline of communism. According to Michael Szporer's , American Unions under the leadership of Lane Kirkland contributed $150,000 shortly after the successful Solidarity Strike, as early as September 1980. At the time, the Carter administration, including its two prominent Polish Americans, Zbigniew Brzezinski and Ed Muskie advised against such aid fearing Soviet reaction. Kirkland boldly took the initiative persuading Zbigniew Brzezinski of the wisdom of supporting the Solidarity movement. In all US union"
"investigating involvement of Australian banks in manipulation of key market interest rates. The Australian Securities and Investments Commission (ASIC) has named the Australia and New Zealand Banking Group as being ""obstructionist"" towards this investigation. While the overall outcome of the investigation is still pending, one Australian man has been charged in relation to Libor. It is understood that ASIC is on the verge of launching legal action against ANZ. However, ANZ is not the only bank to have been caught up in the scandal with ASIC entering enforceable undertakings with BNP, Royal Bank of Scotland and UBS and imposed fines"
"world's drug money is allegedly laundered, estimated at up to $500 billion a year, more than the total income of the world's poorest 20%. Add the proceeds of tax evasion and the figure skyrockets to $1 trillion. Another few hundred billion come from fraud and corruption. ""These offshore centers awash in money are the hub of a colossal, underground network of crime, fraud, and corruption"" commented Lucy Komisar quoting these statistics. ""The New York Times"", ""The Wall Street Journal"", and ""The Los Angeles Times"" revealed that the United States government, specifically the US Treasury Department and the CIA, had a"
"subject of controversy owing to potential conflicts of interest. The event is entirely staged and managed by 4,000 Italian volunteers. The meeting has had about 800,000 attendees per year in the last editions. Several Italian newspapers wrote about the possibility that some Italian Banks are illegally controlled by Communion and Liberation (Banco BPM and Banca Popolare di Milano), it is said that their actual CEO Giuseppe Castagna is a member of the Communion and Liberation movement and he faced several conflicts of interest and he is investigated since 2016 because he gave bank fundings for millions Euro towards his personal"
"the detailed terms of the settlement is expected to be concluded shortly"". Other US agencies—including the Federal Reserve, the Federal Bureau of Investigation, the Treasury Department, and the Justice Department—had also begun investigations into the laundering allegations and were reportedly taken off guard by the speed of the settlement. The Treasury stated that its own investigation of Standard Chartered will continue. Several financial analysts predicted that, due to its strong financial position, the bank would be able to easily cover the $900 million fine without having to raise extra capital. On 6 August 2014 Lawsky was reported to be preparing"