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

Australia’s financial watchdog drastically reduces the sum of money it says was sent from the Vatican to Australia, after it earlier reported a huge figure that…

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Australia’s financial watchdog has drastically reduced the sum of money it says was sent from the Vatican to Australia, the Vatican says, after it earlier reported a huge figure that raised suspicions of money laundering.

  • A Vatican statement called the mistake “a huge discrepancy”
  • AUSTRAC’s error was first reported by the Australian newspaper, which said it was due to a computer coding mistake
  • Cardinal George Pell, who was the Vatican’s treasurer from 2014 to 2017, said he was “relieved”

The joint…

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