Further, in keeping with the recommendations, which were suggested by Moneyval, the Promontory Financial Group has been chosen to conduct an independent "due diligence" review, which it is already doing for the separate IOR, the Vatican Bank.
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The new agency, by mandate of an Apostolic Letter, is charged with monitoring the monetary and commercial activities of Vatican agencies, such as the Governorate of Vatican City State, the Vatican Bank, the Administration of the Patrimony of the Apostolic See, the Congregation for the Evangelization of Peoples, and smaller agencies such as the Vatican Pharmacy, the Vatican Supermarket, and the Vatican Museums.