With New Rules, Pope Aims To Reform Scandal-Ridden Vatican Bank

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The Vatican released Pope Francis’s renewed statutes for the governance of the Vatican Bank on Saturday, which will bring in an external auditor for the first time and introduce new ethical guidelines for members of the bank’s staff.

Throughout its nearly 80-year history, the reputation of the bank, officially known as the Institute for the Works of Religion (IOR), has been hobbled by its rumored associations with organized crime and alleged violations of laws both divine and basely criminal, from embezzlement and money laundering to mafia murder conspiracies.

The new rules are just the latest in the pope’s six-year crusade to clean up the institution, which has long been viewed by many as a symbol of the Church’s legally and morally corrupt underbelly.

Read the original article here: occrp.org

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