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Rome Reports

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Vatican Bank continues its investigation on arrest of Msgr. Nunzio Scarano

On June 28th, Scarano was arrested in Rome. Investigators claim he was secretly plotting to transport 20 million euros from a Swiss bank account to Italy. At the time of his arrest, ; Scarano had already been suspended from his post as a Vatican accountant. About a week after his arrest, on July 9th, The Vatican Promoter of Justice, froze all assets connected to Scarano. According to a Vatican?s press release, those suspicious transactions, could involve additional suspects. Along with this ongoing investigation, a review of the Vatican Bank includes its anti money laundering procedures, including how they can be improved. The restructuring process began in May 2013 and is expected be completed by the end of this year. KLH RRVM-BN-Up:VIC