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Money Laundering

Dáil Éireann Debate, Tuesday - 9 July 2013

Tuesday, 9 July 2013

Questions (357)

Olivia Mitchell

Question:

357. Deputy Olivia Mitchell asked the Minister for Communications, Energy and Natural Resources his views on representations from the Irish Postmasters' Union seeking an increase in the threshold where anti-money laundering identification is needed in order to facilitate the sale of low value prize bonds; and if he will make a statement on the matter. [33101/13]

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Written answers

I understand my colleague the Minister for Finance is exploring with the National Treasury Management Agency (NTMA) and the Minister for Justice and Equality whether or not exemptions available under the EU Directives may be applied to small value purchases of prize bonds facilitated on behalf of the State by An Post and the Prize Bond Company. I am supportive of this course of action.

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