Oireachtas Joint and Select Committees
Wednesday, 28 June 2023
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Authorised Push Payments Fraud: Discussion (Resumed)
Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source
I may come back to that. Let us deal with reporting. From a policy perspective, the committee has asked the banks a series of questions. Bank of Ireland responded stating it reports all incidences of authorised push-payment fraud when it or somebody else is the victim. AIB stated it only reports fraud when it is the victim and it encourages the other victim, the third-party victim, to report it. I believe the same applies with regard to Permanent TSB. AIB definitely said that. I believe that, under criminal justice legislation, where someone believes a fraud is being committed, he or she has a responsibility to report the crime, even a suspected crime. I do not know how AIB is not reporting this but it is not doing so. It told the committee it does not report it when AIB is not the victim. Until today, Mr. Palmer's division held the majority shareholding in AIB, did it not?
No comments