Wednesday, 17 July 2013

Questions (22)

Michael McGrath

Question:

22. Deputy Michael McGrath asked the Minister for Communications, Energy and Natural Resources if his attention has been drawn to the concerns expressed by postmasters over the changes to the anti-money laundering requirements for prize bonds purchased; and if he will make a statement on the matter. [35063/13]

View answer

Written answers (Question to Communications)

I received correspondence from the Irish Postmasters' Union in which they outlined their concerns regarding the application of anti money laundering requirements in respect of the purchase of prize bonds. 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 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 have written to the Minister for Finance to indicate my support for this course of action. I have also written to the Irish Postmasters' Union and informed them of my position in this regard.