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Credit Card Block Stuns Vatican.... Ha Ha this too Funny....
Ms Sans Serif
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[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..
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