Reuters logo
Vatican bank asks Italy to normalise relations after reforms
January 22, 2014 / 7:57 AM / 4 years ago

Vatican bank asks Italy to normalise relations after reforms

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)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below