Tag Archives: Rachel Sanderson

FT – Rachel Sanderson – Crisis Of faith Over Vatican Cash Machines – 5 January 2013

Vatican_St-Peter-s-Basilica-view_3256(Financial Times) — A stand-off between two titans of finance, the Bank of Italy and the Vatican, has forced tourists to abandon their visits to the Sistine Chapel — unless they have cash in their pockets.

Italy’s central bank has blocked all electronic payments through cash machines and by credit cards in Vatican City following the world’s smallest state’s failure to fully comply with international anti-money laundering rules. Continue reading