Australian investigators: Vatican finance transfers 'massively overestimated' (CNA)

Government financial investigators in Australia have admitted that reports of massive financial transfers to Australia from the Vatican were “massively overestimated.” Late last year, a government agency had reported 47,000 transfers, totaling almost $1.8 billion, to unidentified accounts in Australia. The report triggered new concerns about another Vatican financial scandal. But now the agency reports only $7.4 million, in 362 transfers. The enormous discrepancy was due to a “coding error,” officials said.