VATICAN CITY
International Business Times
By Oli Gamp
February 18, 2017
The chief magistrate for the Vatican has confirmed that the city-state’s authorities have frozen more than €2m (£1.7m) following allegations over money laundering in 2016.
Promoter of Justice Gian Pietro Milano confirmed the news, which is part of an attempt by Pope Francis to clean up the finances of the Holy See, after it was alerted to suspicious activity by the Vatican Financial Intelligence Authority (AIF).
While the exact actions that took place are not currently known, Milano stated that two cases resulted in indictments and three were dismissed.
Reuters said Milano had confirmed the total amount of frozen assets at €13m (£11.1m) from a period between 2013 and 2016 after years of controversy that has seen the Vatican’s banking system riddled with scandal and corruption.
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