An International Missionary Outreach Dedicated to Evangelizing the Lost  By Sharing The Gospel According to the Scriptures

To add your name to our Ministry Update List and/or our Prayer Partners List please enter your email address below and then click on the "Go" button.  People on our Ministry Update List will receive our weekly newsletter and periodic ministry updates. People on our Prayer Partners List will receive prayer requests from time to time.
Email:

Slideshow image


Since your web browser does not support JavaScript, here is a non-JavaScript version of the image slideshow:

slideshow image


slideshow image


slideshow image


slideshow image


slideshow image


slideshow image


slideshow image


 

In The News
   
 
 

 

In The News

 

December 13 - The Vatican Bank 'Allowed Clergy to Act as Front for Mafia'

Article: Roman Catholic Church And The Last Days  
 

The Vatican Bank is under new scrutiny in a case involving money-laundering allegations that led police to seize €23m (£19.25m) in September.

The Vatican calls the seizure of assets a “misunderstanding” and expresses optimism it will be quickly cleared up. But fresh court documents show that prosecutors say the Vatican Bank deliberately flouted anti-laundering laws “with the aim of hiding the ownership, destination and origin of the capital”. The documents also reveal investigators’ suspicions that clergy may have acted as fronts for corrupt businessmen and Mafia.

The documents pinpoint two transactions that have not been reported: one in 2009 involving the use of a false name, and another in 2010 in which the Vatican Bank withdrew €650,000 from an Italian bank account but ignored bank requests to disclose where the money was headed. Yet the scandal is hardly the first for the bank, already distinguished from other banks by the fact that its cash machines are in Latin and priests use a private entrance.

In 1986, a Vatican financial adviser died after drinking cyanide-laced coffee in prison. Another, Roberto Calvi, was found dangling from a rope under London’s Blackfriars Bridge in 1982, his pockets stuffed with money and stones. The incidents blackened the bank’s reputation, raised suspicions of ties with the Mafia, and cost the Vatican hundreds of millions of dollars in legal clashes with Italian authorities.

Prosecutors alleged the Vatican ignored regulations that foreign banks must communicate to Italian financial authorities where their money has come from. All banks have declined to comment.

Read Full Article ....

 

 

Understand The Times is an independent non-profit organization in Canada and the United States.
Understand The Times is not affiliated or dependent upon any other organization or denomination.
Understand The Times is accountable to a board of directors in the United States and Canada and accountable,
first of all, to Jesus Christ and His word.

 

Fair Use Notice


Home
Speaking Schedule | Ministry Update | Missions Updates
Goals and Objectives | Statement of Faith | History of Ministry | UTT Internet Bible School
Books  | DVDs | Tract Booklets | Commentary by Roger Oakland | Commentary By Others
Subscribe To Podcast | Podcast Information | Radio Programs and Transcripts | Articles | Weekly News In Review
2009 Year In Review | 2008 Year In Review | 2007 Year in Review Let There Be Light | Creation Gallery
Exposing The Emerging Church | Live Broadcasts | Broadcast Archives
  Join E-Mail Update List | Support The Ministry | Bryce Homes International  | Making Disciples Ministry

Mission Myanmar | Mission Kenya | Mission Philippines | Mission South Africa | UTT YouTube Channel
Lighthouse Trail Research

Understand The Times
International
P.O. Box 27239
Santa Ana, CA 92799 USA
(800) 689-1888

P.O. Box 1160
Eston, Saskatchewan
Canada S0L 1A0
306-962-3672