VATICAN CITY
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Vatican City, 19 April (AKI) – In a further sign of his wish for a ‘poor church’ Pope Francis has cancelled the annual stipend of 25,000 euros paid to each of five cardinals who oversee the Vatican Bank, the ‘Vatican Insider’ website reported on Friday.
Last year European regulators said the Vatican bank was not doing enough to combat money laundering, and in September, the Holy See hired a Swiss anti-money-laundering lawyer in its bid to enter a ‘white list’ of states judged to respect international standards on fighting money laundering and terrorism financing.
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