Costly clean-up at the Vatican bank - economy

After an unholy series of scandals, including money laundering allegations, the Vatican bank's new administrators have blocked over 2,000 clients' accounts and ended around 3,000 "customer relationships".

Last year's profits were all but wiped out by winding up some dubious investments and paying outside professionals to help with compliance and transparency issues and account closures.

All but about 400 of the 3,000 terminated accounts were "dormant" with small balances and had been inactiv...
READ MORE : http://www.euronews.com/2014/07/08/co...

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