The Catholic Church is laundering money:

The Vatican Bank is under investigation for alleged involvement in a money-laundering scheme using accounts at one of Italy’s largest banks, according to a weekly investigative magazine.

Panorama reports that officials from the Bank of Italy’s Financial Intelligence Unit (UIF) have identified transactions worth up to €180 million (£160 million) that allegedly violated anti-money-laundering regulations in accounts held at a UniCredit branch in Via della Conciliazione, next to St Peter’s Basilica. Prosecutors in Rome, led by Nello Rossi and Stefano Rocco Fava, are reported to be working with a special unit of the Guardia di Finanza, the Italian tax police, to investigate the bank — which is formally known as the Institute for Religious Works (IOR).

At this rate, I figure that we will discover that the Catholic Church will be fingered as the malevolent power behind the Bowl Championship Series (BCS) rating system that determines bowl games in NCAA football.