Tuesday, 2 July 2013

Questions (136)

Derek Nolan


136. Deputy Derek Nolan asked the Minister for Finance if he supports the fact that tax crimes be made a predicate offence of money laundering and that this be agreed as part of the revision of the third anti-money laundering directive; and if he will make a statement on the matter. [31782/13]

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Written answers (Question to Finance)

The Commission published its proposals for a 4th Money Laundering Directive on 5 February 2013. Those proposals are currently being examined by an Expert Working Party of the European Council. The Draft Directive proposes that tax crimes be included as a predicate offence for money laundering. This is already the case under Irish Law where all crimes, including tax crimes, are predicate offences for money laundering.