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Arrested Vatican prelate in new money laundering charge

By Philip Pullella VATICAN CITY (Reuters) - A former Vatican prelate on trial for an alleged plot to smuggle 20 million euros into Italy was further charged on Tuesday with laundering millions through the Vatican bank, police said. Monsignor Nunzio Scarano and two other people served with arrest warrants were suspected of money laundering and making false statements, police said. The others were Father Luigi Noli, a friend of Scarano suspended from his Vatican job last year, and a notary. Fifty-two others were being investigated.

Vatican monsignor on trial for alleged smuggling accused of money-laundering via Vatican bank

VATICAN CITY - A Vatican monsignor already on trial for allegedly plotting to smuggle 20 million euros ($26 million) from Switzerland to Italy was arrested Tuesday in a separate case for allegedly using his Vatican bank accounts to launder money. Financial police in the southern Italian city of Salerno said Monsignor Nunzio Scarano, dubbed "Monsignor 500" for his purported favoured banknotes, had transferred millions of euros in fictitious donations from offshore companies through his accounts at the Vatican's Institute for Religious Works.

Ex-Vatican accountant hit with new laundering charge

A former Vatican accountant already under house arrest and on trial for alleged corruption and attempted money laundering has been notified of fresh charges against him, Italy's financial police said on Tuesday. The police said in a statement that they had seized Monsignor Nunzio Scarano's luxury 17-room apartment and blocked nearly 9.0 million euros ($12 million) on current accounts linked to the senior Italian cleric.

Italy seizes Vatican account in new laundering probe

A former Vatican accountant already under house arrest and on trial for alleged corruption and attempted money laundering has been notified of fresh charges against him, Italy's financial police said on Tuesday. The police said they had seized Monsignor Nunzio Scarano's luxury 17-room apartment as well as nearly 9.0 million euros ($12 million) on current accounts, including 2.2 million held in the Vatican bank.

Pope removes cardinals in shake-up of Vatican bank

By Philip Pullella VATICAN CITY (Reuters) - Pope Francis shook up the scandal-plagued Vatican bank on Wednesday, removing four of five cardinals from an oversight body in a break with the clerical financial establishment he inherited from his predecessor. It was his latest move to get to grips with an institution that has often been an embarrassment for the Holy See and which he has vowed to either reform or close.

Pope removes cardinals in shake-up of Vatican bank

By Philip Pullella VATICAN CITY (Reuters) - Pope Francis shook up the scandal-plagued Vatican bank on Wednesday, removing four of five cardinals from an oversight body in a break with the clerical financial establishment he inherited from his predecessor. It was his latest move to get to grips with an institution that has often been an embarrassment for the Holy See and which he has vowed to either reform or close.

Pope cleans house at troubled Vatican Bank, names new cardinal advisers

VATICAN CITY - Pope Francis made another move to clean house at the troubled Vatican bank on Wednesday, naming a new roster of cardinal advisers to replace the ones who were in place during its latest brushes with scandal. Only one cardinal from the previous commission overseeing the bank's operations, Cardinal Jean-Louis Tauran, survived the cut. Francis on Wednesday named four others to round out the commission, including his hand-picked secretary of state, Cardinal-elect Pietro Parolin, and Francis' close friend Cardinal Santos Abril y Castello.

Finance watchdog approves Vatican reforms, urges bank oversight

By Philip Pullella VATICAN CITY (Reuters) - The Vatican has made significant progress in financial reforms but still risks being used for money laundering unless it strengthens controls, a European watchdog said on Thursday. The 30-page report by Moneyval, a monitoring committee of the Council of Europe, is expected to add impetus to Pope Francis's efforts to clean up the Vatican's finances after decades of scandal.

Finance watchdog approves Vatican reforms, urges bank oversight

By Philip Pullella VATICAN CITY (Reuters) - The Vatican has made significant progress in financial reforms but still risks being used for money laundering unless it strengthens controls, a European watchdog said on Thursday. The 30-page report by Moneyval, a monitoring committee of the Council of Europe, is expected to add impetus to Pope Francis's efforts to clean up the Vatican's finances after decades of scandal.

Trial begins of senior cleric accused of money laundering

The trial of a senior cleric accused of corruption and attempted money laundering at the scandal-plagued Vatican bank opened in Rome on Tuesday, Italian media reported. The court immediately postponed the trial of Nunzio Scarano to December 13, when the first witnesses for the prosecution will be heard, the reports said. Scarano, who was not present in court, was arrested in June on suspicion of having acted as an intermediary for suspect transactions at the Vatican bank -- otherwise known as the Institute for Religious Works (IOR).
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