A core component of Marxism is to destroy organized religion. So, Obama’s new attack on the Catholic Church should be no surprise. First, it was the unprecedented effort to destroy the church’s rights of religious conscience through a contraception benefit mandate. Now, Obama is abusing the power of the Executive Branch by using the banks to control the Catholic Church. Following up on his directive to put the Vatican on the Money Laundering List, Obama is, now, meting out his punishment.
Via The Blaze,
JPMorgan Chase is shutting down the Vatican’s bank account with its Milan branch due to a “lack of transparency,” according to Reuters.
“The Vatican bank, also known as the Institute for Works of Religion (IOR), is having its account phased out and closed by March 30,” Business Insider’s Julia La Roche reports, “because it apparently ‘failed to provide sufficient information on money transfers.’”
…last year the Vatican formally adopted internal laws to comply with international standards on financial crime and they now comply with the rules of the Paris-based Financial Action Task Force (FATF), according to Reuters.
Moreover, the IOR has created an internal Financial Information Authority (FIA) and has “committed to comply with international anti-money laundering standards and liaise with the group and law enforcement agencies,” according to the report.