Vatican bank mired in money laundering scandal

This 1982 file photo shows US Archbishop Paul C. Marcinkus, a former head of the Vatican Bank. Behind the centuries-old facade of the Institute for Religious Works _ better known as Vatican Bank _ is a history of secrecy and scandal. Italian investigators were able to move against Vatican Bank as the Bank of Italy classifies it as a foreign financial institution operating in Italy. However, in one of the 1980s scandals involving the death of bankers, prosecutors were unable to arrest then bank head Paul Marcinkus, an American archbishop, because Italy's highest court ruled he had immunity. Marcinkus, who died in 2006 and always proclaimed his innocence, was the inspiration for Francis Ford Coppola's character Archbishop Gilday in "Godfather III." (AP Photo)

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