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Vatican reports progress in flagging suspicious financial activity | NEWS
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Vatican reports progress in flagging suspicious financial activity | NEWS
VATICAN (CNS): The Vatican bank [Institute for the Work of Religion] and other Vatican offices with financial dealings are becoming more adept at identifying and stopping suspicious financial activity, according to the 2024 annual report of the Vatican’s Supervisory and Financial Information Authority, released on April 9. While the authority’s main mandate is to prevent and counter money laundering and the financing of terrorism, its annual rep…
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