Review shows Australia made huge miscalculation on funds transfers, Vatican says


  • World
  • Thursday, 14 Jan 2021

FILE PHOTO: A general view of the deserted St. Peter's Square on Christmas Day amidst the coronavirus disease (COVID-19) lockdown, at the Vatican, December 25, 2020. REUTERS/Yara Nardi

VATICAN CITY (Reuters) - Australia's financial watchdog has drastically reduced the sum of money it says was sent from the Vatican to Australia following a joint review, after it earlier reported a huge figure which raised suspicions of money laundering.

The Vatican-Australian review showed A$9.5 million ($7.35 million) transited between 2014 and 2020, a fraction of the A$2.3 billion ($1.77 billion) initially reported by the watchdog to widespread astonishment.

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