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

SYDNEY (Reuters) – 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.