Charles Flanagan (Laois, Fine Gael) | Oireachtas source

In terms of our agencies, the criminal assets bureau has been a significant success to the extent that many other European countries have used it as a template for their organisations. The Revenue Commissioners and the Department of Finance, among others, keep in regular contact in conjunction with their colleagues throughout Europe. Of course, we at all times seek to comply with best international practice and standards in regard to money laundering. This fifth directive will further enhance our laws and we are happy to intensively engage with other European countries in order to ascertain best practice. In the area of gambling specifically referred to by Deputy Chambers, all members of the committee acknowledge that further work must be done in that regard in terms of our domestic legislation I hope that there will be progress on both the legislation and the setting up of an independent regulator this year.