Micheál Martin
Question:178. Deputy Micheál Martin asked the Minister for Finance his views on the report of gangs utilising mortgages to launder money; and if he will make a statement on the matter. [30486/16]
View answerTuesday, 18 October 2016
Questions (178)
Written answers
I would note that pursuant to Part 4 of the Criminal Justice (Money Laundering and Terrorist Financing) Act 2010, as amended, financial institutions including those offering mortgages are required to identify and verify customers identities. Where suspicions arise that persons have been or are engaged in an offence of money laundering, those institutions are required to report such suspicions to An Garda Síochána and the Revenue Commissioners.
Once An Garda Síochána have been made aware of such a suspicion, any investigation is an operational matter for them. The procedures and the powers available to An Garda Síochána in such an event is a matter for my colleague the Minister for Justice and Equality, who is the responsible Minister.