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Rome Reports

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Pope appoints Archbishop Calcagno as new president of Vatican department APSA

The 74 year old Cardinal Nicora is stepping down in order to preside over the Vatican?s new Financial Information Authority. It will serve as a “watchdog” for Vatican money, guarding against money laundering. It also brings the Holy See up to date on international requirements in order to gain recognition as ?a non-EU equivalent State?AERRHC-BN