FinCEN is seeking public feedback on a Suspicious Activity Report (SAR) pilot program to share Suspi
The Financial Crimes Enforcement Network (FinCEN) of the United States has issued a notice seeking public input on a new pilot program for sharing Suspicious Activity Reports (SARs) to combat illegal money.
Ten Vatican officials, including an Italian cardinal, are facing charges of corruption in the €350 million purchase of a luxury London building.
Last July, all ten defendants were ordered to stand trial, including Vatican Cardinal Angelo Becciu, the former heads of the Vatican's Financial Intelligence Unit (FIU), and two Italian brokers.
Raffaele Minicione, an Italian businessman, aided the Vatican with the initial investment of the property in 2014.
Mincione has been charged with fraud, embezzlement, and money laundering by Vatican officials, while investment broker Gianluigi Torzi has been charged with fraud, extortion, and money laundering.
According to a statement released by the Holy See Press Office, Giuseppe Pignatone, President of the Vatican City State's Tribunal, issued subpoenas in response to a request from the Office of the Promoter of Justice.
At the last hearing on December 14th, Giuseppe Pignatone stated that he hoped the preliminary phase would end soon so that more hearings could be held.
By fLEXI tEAM