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Interfaith Group

hrmjustin

(71,265 posts) Mon Apr 7, 2014, 05:26 PM Apr 2014

Pope approves reforms for scandal-plagued Vatican bank [View all]

Josephine McKenna

VATICAN CITY (RNS) Pope Francis has approved a new direction for the scandal-ridden Vatican bank as it seeks to improve transparency and compliance with international guidelines, the Vatican said Monday (April 7).

The bank, known as the Institute for Religious Works, was founded in 1942 to manage funds for Roman Catholic institutions, Vatican employees and clergy but has been plagued by allegations of money laundering and Mafia links for decades.

http://www.religionnews.com/2014/04/07/pope-approves-reforms-scandal-plagued-vatican-bank/

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Pope approves reforms for scandal-plagued Vatican bank [View all] hrmjustin Apr 2014 OP

There is no excuse for lack of transparency at this bank goldent Apr 2014 #1

I agree. I think the pope is going to deal properly with this. hrmjustin Apr 2014 #2

It should have been cleaned up decades ago Fortinbras Armstrong Apr 2014 #3