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Vatican says bank probe fueled by misunderstanding

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VATICAN CITY (AP) — The Vatican says the seizure by police of 23 million euros ($30 million) from a Vatican bank account and the investigation of two top bank officials is due to a misunderstanding that should be clarified quickly.

In a front-page article Wednesday, the Vatican newspaper, L'Osservatore Romano, provided details about the investigation, saying it began when the Bank of Italy tipped off authorities to a possible violation of anti-money-laundering norms by the Vatican bank.

Italian financial police seized the money as a precaution Tuesday, and Rome prosecutors placed the bank's chairman, Ettore Gotti Tedeschi, and his director general, Paolo Cipriani, under investigation for alleged mistakes linked to violations of the norms.

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