Police probe €23m Vatican money laundering allegation

Police probe €23m Vatican money laundering allegation

Italian police have frozen €23m in funds at the Vatican bank as two officials are under investigation for money laundering allegations.

The probe was sparked by two recent transactions from the bank involving sums totalling €23m.

Prosecutors in Rome say they are examining claims that money laundering laws may have been broken.

The bank was previously marred by scandal in 1982 when its then governor was indicted for his role in the collapse of what was then Italy's largest private bank.

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