National Catholic Reporter

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Vatican

Vatican signs financial transparency accord with U.S. officials

In a bid to improve its checkered record on financial transparency, the Vatican on Tuesday signed a cooperation agreement with the U.S. agency that fights against financial crimes.

The Vatican's Institute for the Works of Religion, known as the Vatican bank, has a long history of secrecy and scandals, and it has reportedly been involved in several shady operations during the course of its history. In recent years, top bank officials have been put under investigation by Italian magistrates for alleged money laundering.

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October 24-November 6, 2014

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