Religion, Money Laundering | featured news

(Image from article: "Money-laundering probe at Vatican Bank")

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Pope struggled to lift sacred secrecy of Vatican finances

Inside a 13th-century monastery in a sleepy village north of Rome, Father Salvatore Palumbo was allegedly serving more than one higher authority. Italian prosecutors say a Ferrari-driving lawyer who defrauded insurance companies used the priest as a front man, with Father Palumbo stashing the illicit cash inside the secretive Institute for Works of Religion.

Money-laundering probe at Vatican Bank

Italian authorities are investigating the Vatican Bank over possible violations of money laundering regulations, the Bank of Italy told CNN Tuesday.

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