Vatican bank executives in money-laundering probe

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The Vatican bank is at the centre of a money-laundering inquiry by police in Italy following a reported tip-off by the Italian revenue guard. Ettore Gotti Tedeschi, president of the Institute for the Works of Religion (IOR) – commonly known as the Vatican bank – is reportedly being investigated by police, along with another unnamed executive. A judge in Rome has ordered the seizure of €23 million held in an account opened by the Vatican bank at the Rome branch of Credito Arti

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