Pope Francis sets up special review of Vatican bank

By REUTERS
June 26, 2013 14:22

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For a symbolic $5 a month you will receive access to the following:

  • A user uxperience almost completely free of ads
  • Access to our Premium Section and our monthly magazine to learn Hebrew, Ivrit
  • Content from the award-winning Jerusalem Repor
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Don't show it again

VATICAN CITY - Pope Francis has set up a special commission to review the activities of the scandal-plagued Vatican bank to ensure that it operated in "harmony" with the mission of the Catholic Church, the Vatican said on Wednesday.

The appointment of the five-member panel, which includes four prelates and a woman Harvard professor, is the boldest move yet by Francis to get to grips with a bank that embarrassed the church for decades.

The Institute for Works of Religion (IOR) as the bank is formally known, has long been tarnished by accusations that it has failed to meet international transparency standards intended to combat money laundering and tax evasion.

The Vatican said in a statement the commission would enable Francis "to know better the judicial position and the activities of the Institute to allow an improved harmonization with the mission of the universal church".


Related Content

Breaking news
June 25, 2018
U.S. to give North Korea post-summit timeline with 'asks' soon

By REUTERS