VATICAN CITY (Reuters) - Italy has blocked the use of debit and credit cards in the Vatican because of concerns over lack of transparency, in a major obstacle to one of the tiny city state's biggest sources of income, financial sources said on Thursday.
A source close to the Bank of Italy said the central bank in December denied a permit for Deutsche Bank Italy, the Vatican's previous provider of electronic payment services, because the Holy See was seen as lacking anti-money laundering controls and oversight.
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