CathInfo.com

Why is […] the Vatican bank mentioned in the Epstein Files as beeing good for evading the EU transaction laws?

While media attention was being focused on IOR (understandably, in view of its past misdeeds), it was not noticed that APSA itself has been operating as a parallel “Vatican Bank,” and it has escaped the reforms to which IOR has been subject. APSA has long been managing accounts for private customers and opening coded accounts for them in Swiss banks (it is not known whether it is still going on). This has been a favorite resource for rich Italians, allowing them to put money into investment funds and avoid paying tax. In these services, APSA has acted in competition with IOR in its quest for customers, with officials being known to assure investors that APSA would outperform IOR. There is reason to believe that all along it has been APSA rather than IOR that was the real factory of criminality in the Vatican finances.[36. This interpretation is supported by the article in World Economy, November 4, 2015: Reuters, “Vatican Inspectors Suspect Key Office Used for Money Laundering.”] Under Cardinal Calcagno, APSA has shrugged off the attempted reforms with insolent ease, while it has also defied the new economic rules by engaging expensive consultants and lawyers to help hide its murky past. As for Pope Francis, he has repeatedly been made aware of all this but has taken no action.