Bank card payments suspended in Vatican: reports
- As Ambedkar Association grew, so did its assertiveness
- Dalit suicide: ABVP leader claimed pain after ‘assault,’ operated for appendicitis
- 4th ODI, Live Score: Australia post 348/8 against India in Canberra
- Indian markets in a bear hug: Sensex, rupee back at level before Modi took charge
- India successfully puts its fifth navigation satellite into orbit
The Bank of Italy has suspended all bank card payments in the Vatican including for tickets to its famous museum until further notice because of a failure to fully implement anti-money laundering legislation, Italian media reported on Thursday.
The payments have been suspended since January 1 after the Bank of Italy ordered Deutsche Bank Italia, which handles bank card payments on Vatican territory, to deactivate its terminals because of a lack of authorisation for the transactions.
The Vatican museum, which was visited by five million tourists last year who paid a total of $120 million, will now be asking for payments in cash, report said.
The reports quoted Italian central bank sources saying the Vatican does not respect international anti-money laundering norms and an Italian-registered bank such as Deutsche Bank Italia can therefore not operate on its territory.
The suspension also includes payments at the Vatican pharmacy, the post office and a few ships that operate in the world's tiniest state.
Vatican spokesman Federico Lombardi said contacts were underway with other operators and the suspension of bank card payments should be "short-lived", report said.
Pope Benedict XVI has vowed greater transparency in Vatican finances and the operations of its bank, the Institute for Works of Religion (IOR), which has been infiltrated by organised crime in the past.
- It is not incidental that Rohith Chakravarthi Vemula and his dissent were crushed
- Aroon Tikekar carried the rationalist legacy of 19th century Maharashtra
- Sushma Swaraj’s Israel visit: Owning a friendship
- Cuddalore rape victim story shows how little has changed
- Risk taking, experimentation and teamwork must also infect government machinery
- New mobile towers, better roads are making a difference in Bastar