Dáil Éireann Debate, Tuesday - 2 April 2019
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Revenue Commissioners Data
111. Deputy Jim O'Callaghan asked the Minister for Finance the number of suspicious transaction reports the Revenue Commissioners received in the Dublin region from financial institutions between 2014 and 2018 that originated from outside the State in tabular form; and if he will make a statement on the matter. [14800/19]
Amharc ar fhreagraI am advised that designated bodies are required to submit a Suspicious Transaction Report (STR) to the Revenue and An Garda Síochána where they have a suspicion that a money laundering offence may have been committed. Tax evasion is a predicate offence for money laundering. In cases where the STR relates to other criminal activity it becomes a matter for An Garda Síochána.
I am further advised by Revenue that in accordance with the provisions of the Criminal Justice (Money Laundering and Terrorist Financing) Act 2010, STRs are required to be provided by designated bodies acting in the State in the course of business carried in the State. Accordingly, Revenue do not receive STRs from financial institutions located outside of the State. I am advised that in some cases, the STR information received from financial institutions may provide details of a foreign address, foreign bank account or foreign passport. However, receipt of this information does not necessarily follow that the reported STR activity originated outside the State.
