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Vatican: Visitors Must Declare Cash

Amplify’d from www.nytimes.com

Vatican: Visitors Must Declare Cash

By GAIA PIANIGIANI







The Vatican put a new rule into effect on Friday requiring that anyone bringing 10,000 euros (about $14,000) or more into Vatican City declare it to Vatican authorities. The rule is part of new anti-money-laundering regulations aimed at bringing the Vatican in line with international standards on financial transparency and helping it shed its image as a tax shelter. Italian authorities are investigating the Vatican Bank for money laundering. The Vatican has denied wrongdoing.






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