Critical need by 8/31:   $10,000 to cover a crippling immediate shortfall.   $6,470 to go.   Please help now!
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 Spring Challenge Grant
Progress toward our Spring Challenge Grant goal ($16,784 to go):
$35,000.00 $18,216.18
48% 52%
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.

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

Recent Catholic Commentary

Every Aspect of the Catholic Thing 1 hours ago
News Posturing: How the dramatis personae use each other 3 hours ago
The intractable practical problems with the Kasper proposal 4 hours ago
No, the Pope did not endorse a gay-friendly children's book 7 hours ago
Legal pressure does not make sterilization moral August 27

Top Catholic News

Most Important Stories of the Last 30 Days
Pope Francis: welcome with compassion those who have remarried outside the Church CWN - August 5