Pope names commission of inquiry into Vatican bank

VATICAN CITY
Daily Herald

Associated Press

Pope Francis on Wednesday named a commission of inquiry to look into the activities of the troubled Vatican bank amid a new money-laundering investigation 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 that have plagued the Institute for Religious Works for decades. On June 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.

On Wednesday, he named a commission to investigate the bank’s legal structure and activities “to allow for a better harmonization with the universal mission of the Apostolic See,” according to the legal document that created it.

He named five people to the commission, including two Americans: Monsignor Peter Wells, a top official in the Vatican secretariat of state, and Mary Ann Glendon, a Harvard law professor, former U.S. ambassador to the Holy See and current president of a pontifical academy.

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