The Bank of Italy sent two letters to Italian lenders this year asking them to closely scrutinize transactions involving the Vatican Bank, Corriere della Sera reported, citing the notes.
Finance Minister Maria Fekter of Austria, whose lenders have criticized regulations in Hungary, said new plans for taxing bank transactions there are “exciting” and should be watched closely.
The Vatican may extend its probe of suspicious bank transactions to people beyond Nunzio Scarano, the prelate arrested last month by Italian authorities on charges of fraud and corruption, Ansa reported.
A senior Vatican cleric, an Italian secret service agent and a financial broker were arrested today in a corruption investigation that’s part of a wider probe into Vatican Bank transactions.
Hungary’s government plans new taxes and spending cuts to increase budget savings and meet deficit targets required to unlock European Union grants.
The Hungarian forint headed for its first weekly drop in more than a month on concern a planned tax on central bank transactions will cause further delays in obtaining an international bailout.
The Swiss central bank returned to a profit in 2011 and said it will distribute money to regions, quelling criticism sparked by the previous year’s record loss.
The Swiss parliament’s upper house today approved an amendment to a tax treaty with the U.S. that allows the handover of files on suspected tax offenders.