Vatican anti-money laundering law goes into effect; people bringing $14K inside must declare

April 1st, 2011

Associated Press

VATICAN CITY — The Vatican issued a new rule Friday requiring anyone bringing €10,000 ($14,000) or more into Vatican City to declare it, the latest initiative by the Holy See to come into compliance with international finance norms.

The rule was introduced the same day the Holy See’s broader anti-money laundering and anti-terrorist financing regulations went into effect, including the creation of a new financial watchdog agency tasked with ensuring transparency in Vatican finances.

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