Fiona O'Loughlin
Question:153. Deputy Fiona O'Loughlin asked the Minister for Finance the steps he is taking to tackle the problem of illegal moneylenders; and if he will make a statement on the matter. [50638/18]
View answerTuesday, 4 December 2018
Questions (153)
Written answers
The Central Bank regulates the licensed moneylender sector. As of 27 November 2018, 39 firms are included on the Moneylender register with the Central Bank. This can be viewed from http://registers.centralbank.ie/DownloadsPage.aspx.
It is, of course, a criminal offence for an unauthorised firm/person to provide financial services in Ireland that would require an authorisation under the relevant legislation which the Central Bank is the responsible body for enforcing. The Central Bank has no power or regulatory role in respect of illegal moneylending. The activities of anyone undertaking moneylending without the appropriate authorisation falls under the jurisdiction of An Garda Síochána, who are the most appropriate State body to investigate criminal matters.
Where the Central Bank becomes aware of the suspected provision of unauthorised moneylending services to the public, it refers the matter to An Garda Síochána for criminal investigation. My colleague, the Minister for Justice and Equality has oversight of An Garda Siochana.
Questions Nos. 154 to 156, inclusive, answered with Question No. 152.