Inside the medieval bastion that houses the Vatican bank, two volumes sitting on a desk illustrate how the troubled institution is responding to outside pressure to reform. An old manual on money laundering prevention, used until 2012, runs to just eight pages, while its replacement contains more than 100 pages setting out the new legal framework for compliance with international standards. Despite progress being made in repairing the bank's tarnished image, its future is still in doubt. Pope Francis decreed radical reforms to the Vatican's financial system on February 24,2014, but no decision was made over what to do with the Institute for the Works of Religion (IOR), as the bank is formally called.
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