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 . Tedeschi told CNN before the meeting with the pope that he was incredulous and `` humiliated '' when he learned Italian investigators were looking into money-laundering allegations against the bank . 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 - 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 .