Tax Exemptions

Dáil Éireann Debate, Tuesday - 5 November 2013

Tuesday, 5 November 2013

Questions (206)

Denis Naughten

Question:

206. Deputy Denis Naughten asked the Minister for Finance the progress he has made in his discussions with the Department of Justice and Equality and the National Treasury Management Agency regarding exemptions from anti-money laundering requirements in relation to the purchase of small value prize bonds; and if he will make a statement on the matter. [46668/13]

Written answers

Minister for Finance

Officials of my Department are continuing to explore with the National Treasury Management Agency (NTMA) whether or not exemptions available under the Third Money Laundering Directive (2005/60/EC) and its Implementing Directive (2006/70/EC) may be applied to small value purchases of prize bonds facilitated on behalf of the State by An Post and the Prize Bond Company.