Vatican Bank dubs investigation 'a misunderstanding'

The Vatican said the seizure by police of €23m from a Vatican bank account and the investigation of two top bank officials was due to a simple misunderstanding that should be clarified quickly.

In a front-page article, the Vatican newspaper L'Osservatore Romano also provided details about the investigation, saying it began when the Bank of Italy tipped off authorities to a possible violation of anti-money laundering norms by the Vatican bank.