Users Online Now:
Donate To GLP
Back to Forum
Back to Thread
REPLY TO THREAD
Credit Card Block Stuns Vatican.... Ha Ha this too Funny....
Ms Sans Serif
In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.
[quote:Anonymous Coward 11922974:MV8yMTEwNjg1XzM1NTg0MjUyXzk0RTg4RTY=] I dont think the vatican is that worred about money. They are treasures from the last 2k years in vaults and have more gold than the us treasury. Although it is funny that they were blocked. It would be like bill gates being denied a loan on a house because he did not have the proper papers. [/quote]
link to www.mb.com.ph
Less than 50%
A senior Vatican official said he is “truly surprised” that the Bank of Italy ordered credit card payments suspended in the tiny city-state
The Vatican has been cash-only since January 1 after Italy's central bank compelled Deutsche Bank Italia to stop providing electronic payment services to the Holy See.
The Bank of Italy said in a statement this week it had no choice but to order the block because the Vatican has no banking regulatory framework or EU-recognized alternative for anti-money-laundering purposes.
In truth, the Council of Europe's Moneyval committee found some serious problems in the Vatican's anti-money laundering efforts.
Then last year, under pressure from the Bank of Italy, JPMorgan closed its IOR accounts. Now, Deutsche Bank has halted its 15-year term providing electronic payment services to the Vatican.
Cash only at the Vatican....
Serves them right..
Pictures (click to insert)
Big Round Smilies
Aliens and Space
Friendship & Love
Misc Small Smilies
View All Categories
Next Page >>
Disclaimer / Copyright Info
with questions or comments about this site.
"Godlike Productions" & "GLP" are registered trademarks of Zero Point Ltd. Godlike™
Website Design Copyright © 1999 - 2017 Godlikeproductions.com
Page generated in 0.01s (5 queries)