Oireachtas Joint and Select Committees

Thursday, 18 April 2019

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

Matters Relating to the Banking Sector: Central Bank of Ireland

Photo of Joan BurtonJoan Burton (Dublin West, Labour) | Oireachtas source

What issues has the Central Bank identified? It is one thing to talk about supervision and risk but the committee would like examples of where the Central Bank has put a stop to money laundering, drugs money and money from the sex trade. It has been raised in the Dáil and in committees on a number of occasions but the level of drug dealing is historically high at the moment, at least in Dublin. The bank must see and be aware of these money flows. What is it doing to stop this illicit activity?

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