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5 000 suspect accounts identified in Vatican Bank clean-up

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St. Peter's Square at the Vatican (Fillippo Monteforte, AFP)
St. Peter's Square at the Vatican (Fillippo Monteforte, AFP)

Vatican City - A clean-up of the Vatican bank has been completed, with the final tally of suspect accounts that had to be closed nearing 5 000, the Holy See's financial watchdog said on Thursday.

Unveiling the 2015 annual report of the Financial Information Authority (FIA), its director Tommaso Di Ruzza said a three-year examination of the scandal-hit Institute of Religious Works (IOR), as the bank is officially known, was now finished.

"We took a very strict line towards any accounts that were not in compliance (with Vatican legislation) and now finally the process of closures is done," Di Ruzzo told a Vatican press conference. "A total of 4 935 were closed and that is a final figure."

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