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April 28, 2016

Vatican finance watchdog notes jump in reports of suspicious activity

The Institute for the Works of Religion, popularly known as the Vatican bank, is located in the Bastion of Nicholas V in the Vatican. Founded in 1942 the bank... The tower is pictured in a 2009 file photo.

VATICAN CITY – The Vatican's financial watchdog agency reported a huge jump in the number of financial transactions flagged as "suspicious" and in the value of assets it has blocked or frozen.
During 2015, the Financial Intelligence Authority "received 544 reports of suspicious activities — almost three times as many as 2014," it said in its annual report, released April 28.

Published in International