IRS recognizes Vatican’s financial regulations on client verification
June 03, 2021
CWN Editor's Note: The Holy See and Vatican City State are now among the IRS’ list of jurisdictions with approved know-your-customer rules. “If a country is on the approved list,” the IRS states, “entities and branches located in that country may submit their QI [qualified intermediary] applications.” (A Reuters article explains the significance of QI status.)The above note supplements, highlights, or corrects details in the original source (link above). About CWN news coverage.
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