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Monday, 7 January 2013

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Bank card payments suspended in Vatican

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 91.3 million euros ($120 million), will now be asking for payments in cash, La Repubblica daily reported. 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.

AFP

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