Dark clouds over Vatican

"There was money of the mafia that was recycled through the channels of the Vatican Bank, and also bribe money to political parties in Italy went through the Vatican Bank," Politi said.

With dark financial clouds hanging over the Vatican, the European Union insisted the bank open its accounts to public scrutiny. An Italian court investigating the bank found documents showing some accounts had been used for money-laundering and other illegal -- and for the church, highly embarrassing -- activities.

CBS: Dark financial clouds hang over Vatican