Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Reuters
Reuters
Politics

Australia says it finds no criminal misconduct linked to fund transfer from Vatican

Australia has not found any criminal misconduct related to the transfer of funds to the country from Vatican between 2014 and 2020, the Australian Federal Police said in a statement on Wednesday.

Australia's financial intelligence unit, AUSTRAC, last month had reduced its estimate of the sum of money transferred from Vatican to Australia to A$9.5 million ($7.23 million) from A$2.3 billion ($1.75 billion).

AUSTRAC's initial estimate about the transfer had raised suspicions of money laundering. Last month, it said the error in calculation was due to a computer coding mistake.

($1 = 1.3141 Australian dollars)

(Reporting by Renju Jose; Editing by Himani Sarkar)

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.