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Credit Card Block Stuns Vatican.... Ha Ha this too Funny....

 
BoroBoro
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User ID: 6443264
Philippines
01/14/2013 07:43 AM

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Credit Card Block Stuns Vatican.... Ha Ha this too Funny....
Link Here:

[link to www.mb.com.ph]

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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..

Boro
musicadi

User ID: 32176551
Hungary
01/14/2013 08:59 AM
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Re: Credit Card Block Stuns Vatican.... Ha Ha this too Funny....
Link Here:

[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..

Boro
 Quoting: BoroBoro



COOL... banksters are starting to fight each other. That's a good sign!
God has no enemies! God is LOVE! Love is the most powerful weapon in the world. All who try to play God are wasting their time and will get kicked in the ass over and over again until they learn their lesson! PS. I'M HUNGARIAN!
Anonymous Coward
User ID: 32176750
Norway
01/14/2013 09:02 AM
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Re: Credit Card Block Stuns Vatican.... Ha Ha this too Funny....
Someone ripped the balls off the pope.
Kael

User ID: 1451069
Romania
01/14/2013 09:36 AM
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Re: Credit Card Block Stuns Vatican.... Ha Ha this too Funny....
bump
"Thou we are not now that strength which in old days moved earth and heaven that which we are, we are.
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Anonymous Coward
User ID: 11922974
United States
01/14/2013 10:11 AM
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Re: Credit Card Block Stuns Vatican.... Ha Ha this too Funny....
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.

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