Vatican Enacts International Financial Transparency

Vatican Enacts International Financial Transparency

The Vatican, whose bank has been embroiled in a money-laundering scandal, said on Friday it had adopted laws to comply with international standards on financial crime.

The Vatican Bank, founded in 1942 by Pope Pius XII, was in the spotlight last September when Italian investigators froze 23 million euros ($32.55 million) in funds in Italian banks after they opened an investigation into possible money laundering.http://www.dnaindia.com/world/report_vatican-enacts-international-financial-transparency_1527222

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