We have $162,325 to go in our Fall Campaign. Every penny is used to strengthen the Church. See details!
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!

Our Fall Campaign
Progress toward our year-end goal ($162,325 to go):
$200,000.00 $37,674.72
81% 19%
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 Campaign
Subscribe for free
Shop Amazon
Click here to advertise on CatholicCulture.org

Recent Catholic Commentary

A secret plot to control the Synod? No; it's not secret at all. 0 hours ago
What about Catholic affirmation for those in false marriages? 1 hours ago
Free eBook: Pope Francis' Catechesis on the Family October 7
The headlines say Gov. Brown is Catholic. He says he's not sure what that means. October 7
Archbishop predicts Synod won't change Church teaching. Why am I not reassured? October 7

Top Catholic News

Most Important Stories of the Last 30 Days
In Cuba, Pope emphasizes service to the vulnerable, praises thaw in US-Cuban relations CWN - September 21
Pope challenges America in speech to US Congress CWN - September 24
As Synod opens, Pope calls on Church to defend ‘unity and indissolubility’ of marriage bond CWN - October 5