Vatican denies flaws that led to credit card block
News from NBCNews.com:

4 hrs.

VATICAN CITY – The Vatican insisted on Sunday that it had taken adequate measures to combat money laundering and so could not understand why the Bank of Italy had blocked the use of credit and debit cards inside Vatican City. 

The central bank stopped Deutsche Bank Italy from providing electronic payment services for the Vatican on January 1 because the Holy See was seen as lacking anti-money-laundering controls and oversight, a move that left thousands of tourists visiting the Vatican museums and gift shops in the lurch, forcing them to use cash. 

“I am truly surprised,” Rene Bruelhart, the head of the Vatican’s Financial Information Authority, told the Corriere della Sera newspaper in an interview Vatican Radio posted on its website. 

Bruelhart, 40, said the Holy See had implemented EU-required controls and did not understand the action. 

“The reality is that, considering the particular nature of the Vatican City State, adequate measures have been adopted for vigilance, prevention, and fighting money laundering and financing terrorism,” he said. 

The Bank of Italy said Deutsche Bank had installed machines for payment with credit and debit cards in the Vatican – a tiny city-state surrounde…………… continues on NBCNews.com

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