Oireachtas Joint and Select Committees

Thursday, 14 December 2017

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Paradise Papers (Resumed): Allied Irish Banks

9:30 am

Mr. Bernard Byrne:

In a similar vein, the requirements and obligations on banks, generally, whether it be anti-money laundering, positioning or suspicious transaction reporting, are quite developed. We issue in the region of 5,000 suspicious transaction reports a year, based on the methodology and the application of principles whereby we say it is a matter of which Revenue or the Garda needs to be aware.

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