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	Vatican Claims Transparency Amid Laundering Probe Associated Press September 21, 2010 http://www.google.com/hostednews/ap/article/ALeqM5jZE68q9X88dHYq8WimifrCvtjYXgD9ICB0RG0 The Vatican says it is "perplexed and surprised" by a money laundering probe that resulted in the seizure of euro23 million ($30 million) from the Vatican bank and an investigation of the company's chairman. Italian financial police made the seizure Tuesday as a precaution and prosecutors placed the chairman and another official of the Institute for Religious Works under investigation for alleged mistakes linked to violations of Italy's anti-laundering laws. In a statement, the Vatican says it had been working for some time to make its finances more transparent to comply with anti-terrorism and anti-money laundering regulations. It expresses full trust in the head of the bank, Ettore Gotti Tedeschi, and the director-general. THIS IS A BREAKING NEWS UPDATE. Check back soon for further information. AP's earlier story is below. VATICAN CITY (AP) — The Vatican says it is "perplexed and surprised" by a money laundering probe that resulted in the seizure of euro23 million ($30 million) from the Vatican bank and an investigation of the company's chairman. Italian financial police made the seizure Tuesday as a precaution and prosecutors placed the chairman and another official of the Institute for Religious Works under investigation for alleged mistakes linked to violations of Italy's anti-laundering laws. In a statement, the Vatican says it had been working for some time to make its finances more transparent to comply with anti-terrorism and anti-money laundering regulations. It expresses full trust in the head of the bank, Ettore Gotti Tedeschi, and the director-general.
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