Jack Chambers (Dublin West, Fianna Fail) | Oireachtas source

Deputy Ó Laoghaire raised some valid points in regard to the general issue of money laundering and tax evasion. Has the Minister looked at models being implemented in central European countries? The Netherlands has considered a move towards efinancing of all public services by removing the cash element in order to avoid money laundering. We need to consider whether we could advance legislative proposals to be ahead of the curve not only in the public sector but also high risk areas such as gambling because money laundering is taking place, in particular in that sector. That could be done by greater utilisation of efinance such that there is formalised transactional component . The Department should consider being ahead of the curve on this issue because in ten years time we will be a cashless society. The world is moving towards paying by mobile and general efinance. We need progressive legislative measures to help combat money laundering.