February 19, 2017 12:24 AM

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Vatican froze two million euros in suspect funds in 2016

<br/><br/>The Vatican froze more than two million euros in suspect funds last year as part of Pope Francis's war against money laundering in the Holy See. <br/><br/>Promoter of Justice Gian Pietro Milano said the funds were part of a total of around 13 million euros frozen between 2013 and 2016.<br/><br/>Last year the Holy See's financial watchdog, the Financial Information Authority (AIF), said it had closed nearly 5,000 suspect accounts as part of a three-year examination of the once murky Vatican bank.<br/><br/>Milano said 23 cases of suspected financial crimes had been flagged up by the AIF between 2012 and 2016. Six had since been dismissed, while 17 were still being investigated. <br/>

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