Prosecutors seized about $ 30 million in transactions last month over money - market fears . The Vatican says there was a conspiracy and appealed against the seizure . Pope Benedict XVI is standing by the head of the bank , the Vatican says . It 's ` ` the most secret bank in the world , '' says a money - market analyst .
Prosecutors seized about $ 30 million in transactions last month over money-laundering fears . The Vatican says there was a misunderstanding and appealed against the seizure . Pope Benedict XVI is standing by the head of the bank , the Vatican says . It 's `` the most secret bank in the world , '' says a money-laundering expert .