Vatican Funds

Treat allegations of Vatican funds to Australia with caution*

UPDATE: Shortly after this News Weekly story was written, Austrac revealed that it over-estimated bank transfers from the Vatican City to Australia for the past six years by more than $ 2 billion. After weeks of working with the Holy See’s financial intelligence unit, Austrac has confirmed there were only 362 transfers from the Vatican to Australia during that time, with a total value of $9.5 million. A computer coding error is believed to be the source of the miscalculation.

However, quest…

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