In God we trust. All others pay cash.
The Italian central bank denied a permit to Deutsche Bank in Italy to continue handling electronic transactions for the Vatican because the Holy See has not yet fully complied with the European Union's stringent safeguards against money laundering, according to bank officials and Italian news reports.
The Vatican is scrambling to fix the problem, which has forced throngs of visitors to pay with cash when paying for tickets for the Vatican museum and buying souveniers, according to reports.
In 2011, the number of visitors to the Vatican museum topped 5 million. Ticket prices range from $5 to $21.
Deutsche Bank in Italy declined to comment on the matter Thursday.
The Vatican had yet to issue a statement on the matter through its press service Thursday.
[For the record, 2:30 p.m., Jan. 3: A previous version of this story quoted news reports that said Deutsche Bank in Italy did not comply with Europe's anti-money-laundering requirements. Banking officials say it is the Vatican that has not met the requirements.]
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