Vatican Denies Knowledge of Large Money Transfer to Australia

The Vatican and the Australian Catholic Church have denied knowledge of transfers worth US$1.8 billion which Australia’s financial watchdog claims these have been sent from Rome to Australia in the past seven years.

The Vatican and the Australian Catholic Church have denied knowledge of transfers worth US$1.8 billion which Australia’s financial watchdog claims these have been sent from Rome to Australia in the past seven years.

As a result, the Vatican would be seeking details from Australian authorities on the specific origin and destination of the money.

The Australian Transaction Reports and Analysis Centre (AUSTRAC) made public the figures after the Australian Senator Concetta Fierravanti-Wells has questioned them regarding it. 

According to AUSTRAC, they involved about 47,000 separate transfers.

The official in Rome, who spoke on the condition of anonymity, said that the Vatican had around 100 legal entities, including hospitals, however he claimed that they “don’t have that kind of money.”

According to AUSTRAC, the transfers has ranged from yearly totals of A$71.6 million (US$55.2 million) in 2014 to A$581.3 million (US$448.0) million in 2017.


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