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Vatican Bank: Now 'Impossible' to Launder Money Here

The head of the Vatican's scandal-marred bank declared Thursday it's now "impossible to launder money'' there after a years-long cleanup that saw norms imposed to fight money laundering and tax evasion. Jean-Baptiste Douville de Franssu made the claim as the bank reported net profit of 16.1 million euros ($18.3 million) last year, down from 69.3 million euros in 2014. The bank attributed the decrease to lower interest rates and market uncertainties and...

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