Social Protection Committee to discuss the Safe Deposit Boxes and Related Deposits Bill 2022 with representatives from Finders International Ireland

Representatives from Finders International Ireland will appear at the Committee.

Speaking ahead of the meeting Committee Cathaoirleach Deputy Denis Naughten said: "We welcome the opportunity to resume scrutiny of the Safe Deposit Boxes and Related Deposits Bill 2022.”

“Finders International work to assist with the process of identifying and locating owners for property held in Safe Deposit Boxes by financial institutions on behalf of solicitors, County Councils, pension providers, hospitals, nursing homes and private individuals.”

“The specific provisions of the Bill are broken into four parts. The first purpose is to create a register of property deposits in banks."

"The second purpose is to identify the safekeeping property deposit where the records are sufficient to identify a living or beneficial owner starting with the oldest deposits first. This includes various measures such as provisions to publish and look for owners where they are not readily identifiable.”

“The third purpose is to examine all property where the owners are not identified and to notify the director of the National Museum of Ireland of any unclaimed property. He or she will then examine the property and decide whether it should be retained by the museum or by certain other bodies and put on display. The Bill also provides for the transfer of unclaimed funds to the Dormant Accounts Fund.”

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