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The Investment Magazine - Vatican Bank: Discreet service for mafia, banks and politics

INVESTMENT MAGAZINE (THE ORIGINAL) -
as if it was not enough, that the holy shepherd have sexually abused in recent decades
their flock entrusted to them, joined
, another scandal at the highest level of discretion of the Vatican Bank sought additional
. Years she is the money of the Sicilian Mafia and high-ranking Italian politicians have washed
know. Also sports rights agencies and the
Italian bank Unicredit had come into focus, to have spent transfer funds from
football players and money from bank customers only abroad
then just paid through offshore centers in the Vatican Bank so
in their accounts of all Discretion disappear. With the approval of the Holy Father
.

Founded in 1929 Pope Pius XI. the first Vatican Bank, which acted as internal
"section for extraordinary tasks. The Vatican Bank administers the compensation
capital of $ 50 million for losses suffered
the Holy See to the payout, the Italian government pledged in the Sun
called Lateran Treaties. The Lateran Treaty is an agreement between the Vatican and
the then Kingdom of Italy, on 11
February 1929 between Pius XI. and Benito Mussolini has been completed. This resulted
the founding of the Vatican, the sovereign of that date an international
Body is. The Vatican, with an area of 0.5 square kilometers
taken exactly 44 acres, the smallest country in the world
. Head of State is the Pope. The Lateran treaties contained the
formal and legal independence of the Vatican from the rest of Italy. The small
state, consisting of the Vatican and outbuildings, gardens, St. Peter's Basilica and
Peter's Square, to the papal summer residence Castel Gandolfo and
some extra-territorial property in Rome, stressed the international law
independence of the pope from any other sovereign. The Pope will be addressed by
anyone, he is subordinate to any other government authority. The Pope
exerts on the other hand from the Vatican absolute state power, making it (is it even constitutional law) (next to the Prince of Monaco
) of the last absolute rulers in Europe, which is itself bound by any
Constitution.

Pope Pius XII. founded in 1942, a second Vatican Bank by the
management of religious works in the so-called "Institute for Religious Works
" been converted into. Purpose is the custody and management of
capital (in the form of securities and cash) and other assets that
the Institute of Financial institutions or entities to perform religious duties
and been suitable Christian duties or entrusted
are. This second Vatican Bank thus joined to the
founded in 1929, "Ordinary" section of the "asset management of the Apostolic See,
" added. It manages the assets of the Vatican congregations,
commissions and offices, plus a large part of the Vatican's primary
and property ownership. In 1990, the Vatican Bank of Pope John Paul II
totally been restructured. Under Article 4 of the Statute
the Institute now has the following institutions: the Commission of Cardinals, the prelate, the
Supervisory Board, Management and the Auditors. The Commission is Cardinal
of five cardinals, together with a respective term of five years.
It meets at least twice a year. The prelate appointed by the Cardinal
Commission and follows the activities of the Institute. He takes
in the meetings in the function part of a secretary. The Supervisory Board, a group of five
Bank experts, is responsible for the administration and management of the institution
.