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Friday, 22 March 2019

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News

19 February 2013

Vatican has ignored anti money laundering laws

The Vatican, the seat of Catholicism, may be fond of telling people to abide by Catholic dogma, but it appears that the Vatican itself has ignored anti money laundering laws, with the news that the central bank of Italy has suspended all card payments in the Vatican until further notice. Deutsche Bank Italia, which processes card payments in the Vatican city state, has been ordered to deactivate card terminals until further notice. Visitors to the Vatican have been asked to pay by cash instead. Around 5 million tourists visited the Vatican in 2012, paying around €90 million.

http://www.paymentscardsandmobile.com/