We earn 8% in referral fees when you shop Amazon through our link. We make it easy! Click to learn how.
Click here to advertise on CatholicCulture.org

Italy, Vatican near agreement on financial exchanges?

Catholic World News - July 25, 2013

The Vatican is close to an unprecedented agreement with the government of Italy on sharing information about financial transactions, according to the Reuters news service.

In an exclusive report, Reuters says that the Vatican’s Financial Information Authority and the Italian Financial Intelligence Unit will sign an accord on measures to combat money-laundering. The agreement would help to resolve simmering tensions over transparency issues that prompted Italian banks to stop doing business with the Vatican bank and stop processing debit-card transactions at offices and ATMs inside Vatican City.

The Vatican has already reached similar financial-disclosure agreements with other nations. (An agreement with the US was reached in May.) The agreement with Italy would be far more important, however, because of the volume of transactions between the Vatican and the surrounding city of Rome.

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!

Progress toward our March expenses ($33,009 to go):
$35,000.00 $1,991.25
94% 6%
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
Click here to advertise on CatholicCulture.org
Shop Amazon

Recent Catholic Commentary

Don’t touch that Smile! Helping CatholicCulture.org by shopping on Amazon. 2 hours ago
Church Fathers: Introduction to the Greek Apologists March 1
Ad Imaginem Dei: a gem of a blog on Christian art February 28
The Complexities of Persecution February 27
Ukraine: A great lesson in thinking like a Catholic. February 27

Top Catholic News

Most Important Stories of the Last 30 Days
Pope Francis to address Congress in joint session in September CWN - February 5