Wednesday, 27 March 2019

Ceisteanna (146)

Joan Burton

Ceist:

146. Deputy Joan Burton asked the Minister for Justice and Equality if there is a formal working group between the Central Bank, the Revenue Commissioners and his Department on sharing important information that can be obtained from suspicious transaction reports; the frequency with which meetings are held between the Central Bank, the Revenue Commissioners and his Department; and if he will make a statement on the matter. [14318/19]

Amharc ar fhreagra

Freagraí scríofa (Ceist ar Justice)

Under the Criminal Justice (Money Laundering and Terrorist Financing) Act 2010 (as amended), designated entities are required to file Suspicious Transaction Reports (STRs) to the Financial Intelligence Unit of An Garda Síochána and to the Revenue Commissioners.

The Central Bank of Ireland and the Department of Justice and Equality have no direct role in relation to STRs.

No formal working group of the type described by the Deputy exists. However, both the Central Bank of Ireland and the Department of Justice and Equality, along with the other State agencies tasked with combatting money laundering, are members of the Anti-Money Laundering Steering Committee (AMLSC), a multi-agency body chaired by the Department of Finance.

The AMLSC’s membership includes the Central Bank, the Department of Justice and Equality, the Financial Intelligence Unit (FIU) within the Garda National Economic Crime Bureau (GNECB), the Office of the Revenue Commissioners, the Director of Public Prosecutions (DPP), the Criminal Assets Bureau (CAB), as well as a number of other relevant Departments and bodies.

The AMLSC meets regularly, with its meetings aligned to the working schedule of the Financial Action Task Force.