The government's financial watchdog Austrac told the Australian Senate it "over-estimated" bank transfers from the Vatican to Australia for the past six years by more than AUS$2 billion (!).
Before Christmas, Austrac had told a Senate committee that $2.3 billion had been transferred to Australia from Vatican City. This canard cause a huge media storm.
Now, Austrac says that the total value of the transactions between 2014 and 2020 was $9.5 million (!), TheAustralian.com.au reports (January 13).
As the source of the “miscalculation," Austrac presented to the world a “coding error.” Now, the question arrises: “Quis custodiet ipsos custodes?” - Who will guard the guards?
Picture: © Douglas Kelley, CC BY-NC, #newsRkdgblputm