AUSTRAC CLAIMED VATICAN WIRED $2.3 BILLION TO AUSTRALIA – TRUE FIGURE WAS $9.5 MILLION

On 14 January, the Sydney Morning Herald reported that AUSTRAC has issued an apology after accidentally telling Parliament that the Vatican transferred $2.3 billion to Australia over 7 years when the actual amount was less than $10 million.  The  claim had prompted alarm and confusion in the Holy See.

https://www.smh.com.au/world/europe/austrac-claimed-the-vatican-wired-2-3-billion-to-australia-the-true-figure-was-9-5-million-20210113-p56txc.html

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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section View all posts by raytodd2017