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Pope sets up probe into Vatican bank

The Pope has set up an 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 solve 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.

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