I am advised by the Revenue Commissioners that their Ansbacher review team has been carrying out detailed investigations since October 1999. The investigation has essentially two elements. There are Ansbacher type arrangements and there are other cases involving offshore funds and deposits.
Revenue has advised that the review team has inquired into 289 cases to date and six of these cases have concluded settlements with Revenue. The 289 cases, taking account of spouses and connected companies, consist of 300 names. The 289 cases are made up of 179 cases listed on the High Court inspectors report and 110 similar cases discovered by Revenue or listed on the authorised officer's report.
A total of 210 cases have been under active investigation. The remaining cases consist of 62 non-resident persons – including 17 former Irish residents – 12 individuals who claimed the 1993 amnesty provisions and five cases with insufficient identity information.
The investigation includes examining the tax position of disclosed entities and accumulating and assembling information on other connected entities. The number of connected entities in relation to cases under investigation is now nearly 700.
Revenue is making extensive use of its legislative powers to seek books, records, documents and information in the cases being investigated. Where appropriate, prosecutions will be considered but these will depend on the level of evidence available.
Revenue has made five successful applications to the High Court for the production by financial institutions and third parties of books, records and other documentation, which are relevant to liabilities of Ansbacher account holders. Some 150,000 documents have been received under the terms of the High Court orders. Advanced investigative computer software is used in controlling and managing the documentation.
To date a total of €20.77 million has been received, mostly by way of payments on account, in respect of 59 cases. This is made up of the following:
