Vatican Bank closes 4,800 accounts

(ANSA) - Vatican City, April 28 - The Vatican Bank, Istituto per le Opere di Religione (IOR), has closed some 4,800 accounts after completing a major revision, the Vatican's Financial Information Authority (AIF) said in its 2015 report Thursday.
    The AIF said those accounts were "no longer in compliance with the Vatican regulatory framework" based on the nationality or residency of the owner or the use of the funds.
    The operation was completed in October, the AIF said.
    The IOR, AIF and other Vatican financial bodies are making a concerted effort to get the Holy See onto the international white list of countries with impeccable anti-money-laundering credentials.