File photo dated June, 24, 2013 of Angelo Caloia. A court on Thursday convicted Angelo Caloia, a former head of the Vatican bank, on charges of embezzlement and money laundering, making him the highest ranking Vatican official to be convicted of a financial crime. Caloia, 81, was president of the bank, officially known as the Institute for Works of Religion (IOR), between 1999 and 2009. Photo by Matt Corner/IPA/ABACAPRESS.COM