Pope sets up Vatican Bank probe

Pope Francis has named a commission of inquiry to look into the activities of the troubled Vatican bank, amid a new money-laundering probe and continued questions about the secretive institution.

It was the second time in as many weeks that Francis has intervened to get to the bottom of the problems plaguing the Institute for Religious Works for decades.

On Jun 15, he filled a key vacancy in the bank’s governing structure, tapping a trusted friend to be his eyes inside the bank with access to documentation, board meetings, and management.