Vatican near deal on financial information sharing -source

The Vatican and Italy are close to reaching an agreement to share financial and tax information in the aim of cracking down on money-laundering and other illicit behavior, a senior Vatican official said on Tuesday. The deal, which the official said could be announced as early as this week, is part of Pope Francis' efforts to clean up the finances of the Vatican. The Vatican has long been criticized by international financial organizations for providing a tax haven for well-connected Italians. In particular, the Vatican bank for decades allowed many Italian citizens to hold bank accounts.

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