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Catholic World News

Vatican bank asks Italian court to release frozen funds

October 07, 2010

The Vatican bank, the Institute for Religious Works, has asked an Italian court to release the €23 million in funds that have been frozen by Italian banking authorities in connection with a money-laundering investigation.

The Vatican’s appeal to an Italian court may be unprecedented. Financial Times notes: “Veteran Vatican observers said they could not recall a previous case of the Vatican, a sovereign state, seeking redress through the Italian judicial system.”


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