NEWSMAX: Alfred Xuereb, a 55-year-old Maltese prelate, will be responsible for overseeing two commissions created by the Pope to supervise the bank itself and the economic structure and finances of the Holy See, the Vatican said in a statement.
Since taking office in March, [Pope] Francis has moved to tackle years of financial scandals involving the Vatican bank, formally known as the Institute for Works of Religion, which is under investigation on suspicion of money laundering…
Francis raised the prospect that the institute could even have to be closed down unless it could reform itself… (more)
EDITOR: The Italian Mafia or an equivalent has long held sway over the bank. This is a very brave Pope. We pray this will not be a real life “Godfather III”
