$31,602 to go to meet our Challenge Grant, by December 1st. Your gift now will count twice!
Click here to advertise on CatholicCulture.org

Lay Vatican financial expert surprised by suspension of credit-card processing

Catholic World News - January 14, 2013

Rene Bruelhart, the consultant hired by the Vatican to tackle money-laundering issues, has expressed surprise at the Bank of Italy’s decision to refuse to process electronic payments through the Vatican’s terminals.

“I’m surprised by the measures taken by the Bank of Italy blocking all the credit card services of Deutsche Bank in the Vatican,” he told the Italian newspaper Corriere della Sera. “In July, the Holy See passed the third round evaluation of the Moneyval Committee of the Council of Europe with a ‘good’ report card, passing 9 of 16 ‘core and key’ recommendations.”

“So the Vatican was not subject to any special measures for monitoring money laundering, neither by Moneyval nor by any other international body,” he added. “We don’t have problems with other European countries. On the contrary, we have close collaboration. No other country in the world has adopted similar measures. I repeat, therefore, that I’m truly surprised.”

Additional sources for this story
Some links will take you to other sites, in a new window.

An appeal from our founder, Dr. Jeffrey Mirus:

Dear reader: If you found the information on this page helpful in your pursuit of a better Catholic life, please support our work with a donation. Your donation will help us reach seven million Truth-seeking readers worldwide this year. Thank you!

Our Fall Campaign
Progress toward our year-end goal ($115,411 to go):
$150,000.00 $34,588.98
77% 23%
Sound Off! CatholicCulture.org supporters weigh in.

All comments are moderated. To lighten our editing burden, only current donors are allowed to Sound Off. If you are a donor, log in to see the comment form; otherwise please support our work, and Sound Off!

There are no comments yet for this item.

Fall 2014 Campaign
Subscribe for free
Shop Amazon
Click here to advertise on CatholicCulture.org

Recent Catholic Commentary

Putting Our Best Foot Forward 9 hours ago
Contentious Spirits, Beware! October 30
And here's another very old story: the secular media don't understand Catholic affairs October 29
How not to be persuasive October 29
Francis the Man, Francis the Pope October 28

Top Catholic News

Most Important Stories of the Last 30 Days
Key synod report calls for 'gradualism' in Church response to irregular family situations CWN - October 13
As synod concludes, bishops issue message, approve document; Pope weighs in CWN - October 20
Synod of Bishops opens with Mass in St. Peter’s Basilica CWN - October 6