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Weekly Roundup: Italian Officials Investigate Former Vatican Bank Chief, U.S. Blacklists Family of Sinaloa Leader, and More
printItalian police searched the home of a former Vatican Bank official on Tuesday for clues in a kickback probe involving defense technology group Finmeccanica, Reuters reported. Ettore Gotti Tedeschi, the former president of the Institute for Religious Works, was also separately questioned about a 2010 money laundering investigation involving a transfer of $31 million to a JPMorgan Chase branch in Germany. More Suspicious transaction reporting in Italy rose 147 percent between 2010 and 2011 due to a dramatic increase in mob activity, Reuters reported Wednesday. Approximately 800 reports described individuals arrested or under investigation for mafia activities. The rise in...
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