Further to my answer to PQ No. 4 February 2019, my Department engaged Price Waterhouse Cooper (PWC) to carry out a money laundering and terrorist financing (ML/TF) National Risk Assessment (NRA).
The aim of this Assessment was to identify, understand and assess the money laundering and terrorist financing risks faced by Ireland. The findings of the National Risk Assessment have been used to inform the development and enhancement of Ireland’s Anti-Money Laundering and Counter Terrorist Financing framework.
The gross cost of this engagement was €73,031.25, of which €59,375 was the net cost and VAT accounted for €13,656.25.
Please note that my Department publishes details of consultancy expenditure on its website on a quarterly basis.