Vatican Bank accused of money laundering, insider trading and market manipulation after investigation

Vatican investigators have accused the shadowy organisation known as the Pope’s merchant bank of money laundering,insider trading and market manipulation, it has emerged.

Details of the alleged crimes committed by the institution, the Administration of the Patrimony of the Holy See (APSA), said to have been between 2000 and 2011, have been passed to authorities in Italy and Switzerland. Investigators say the illicit activity involved bank accounts held in these countries.