Vatican bank asks Italy to normalise relations after reforms

VATICAN CITY Wed Jan 22, 2014 2:56am EST

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VATICAN CITY Jan 22 (Reuters) - The Vatican bank asked Italy on Wednesday to resume normal banking relations, which have been effectively frozen since 2010, saying it had made great progress with new anti-money laundering provisions.

"The (bank) looks forward to a resumption of full interaction with Italian financial institutions pending review by Italian regulatory authorities of the Holy See and Vatican City State's anti-money laundering provisions," a report said.

Italian banks stopped dealing with the IOR in 2010 after the central bank told them they had to enforce strict anti-money laundering criteria if they wanted to continue doing transactions with the IOR. (Reporting by Philip Pullella; Editing by Catherine Evans)

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