Weekly Roundup: Italy Suspends Vatican Payments, Argentina Cracks Down on Laundering by Soccer Clubs, and More

The Bank of Italy continued its suspension of the Vatican's credit and debit card transactions and cash withdrawals for a fourth day Friday, citing its noncompliance with the country's anti-money laundering (AML) regulations, Bloomberg reported. The suspension, which is affecting thousands of tourists visiting the Vatican, stems from a 2010 review of the Vatican's point-of-service (POS) payment servicer, Deutsche Bank. Officials concluded at the time that the financial institution was not authorized to provide POS services. The Vatican is in the process of looking for another bank provider, Bloomberg said, quoting a Vatican press release. More Argentina Thursday implemented new...