Vatican Bank officials accused of breaking Italian laws

Prosecutors allege two former top executives at the Vatican Bank repeatedly broke Italian laws on money-laundering by failing to give sufficient information when ordering multi-million-euro bank transfers.

Key details missing on requested transfers included the identity of the owners of the funds and the reason for transfer, according to a Reuters report.

While the prosecutors stopped short of accusing the two recently-resigned officials of money-laundering, they said confusion over the handling of accounts at the bank had created the conditions where it could take place.

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