Vatican bank 'failed to act on money laundering'

The Vatican's scandal-struck bank has failed on seven counts to clean up its act and will not be allowed on a list of financially virtuous nations, EU inspectors indicated yesterday. Related Stories Businesses want 'looser' EU ties Israel blames Iran as bus bomb leaves seven dead in Bulgaria Proof that Aids can be cured? Trayvon killer: I pray for parents Bomb targets heart of Syrian regime