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Midweek Roundup: Vatican Bank Money Laundering Trial Postponed, Police Probe Hong Kong Banks, and More
printIn Rome, the first hearing in the trial of two former Vatican Bank executives accused of violating anti-money laundering rules has been postponed until Dec. 2 after documents linked to the case were lost, Gazzetta del Sud reported Wednesday. Paolo Cipriani and Massimo Tull allegedly facilitated the 2010 transfers of $26 million to JPMorgan Frankfurt and $4 million to Italy's Banca del Fucino without including all the information required by Italy. More A Hong Kong Judge has ordered police to determine why some banks refused to open accounts for a former remittance agent who has since admitted to money laundering,...
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