“Museums and businesses in the Holy See have been declining credit card and debit card purchases following a decision by the Bank of Italy that is reportedly linked to concerns over inadequate money-laundering controls. Cash machines have also been shut down after the Italian central bank refused authorization for Deutsche Bank’s Italian unit to continue operating services it provided within the Vatican’s walls. The banking freeze, which has prompted the move to cash-only transactions, has prompted speculation in the Italian press that a fresh scandal is about to erupt involving the ministate’s still-shadowy finances.”
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