Dáil Éireann Debate, Tuesday - 17 January 2017
238. Deputy Michael McGrath asked the Minister for Finance further to Parliamentary Question No. 119 of 6 December 2016, the steps that have been taken to ensure that all corporate State bodies comply; and if he will make a statement on the matter. [41525/16]
Amharc ar fhreagraAs indicated in my response to PQ 119 in December, some State bodies may need to have regard to the definition of 'beneficial ownership' set out in article 3(6) of 4AMLD (2015/849). However, because the legal ownership, governance and control of State Bodies is set out in considerable detail in legislation, this should not prove too difficult to establish particularly since for most bodies that are Government-owned and Government-controlled, their legal and beneficial ownership will be identical.
The Deputy should note that officials from my Department are currently consulting with the Department of Public Expenditure and Reform to examine how the requirements of the Directive can be addressed by State owned entities.
