Ms Seana Cunningham:

We have been very focused on our supervision of the banking sector and on whether its anti-money laundering controls are good and effective. This has led to a report which we published on compliance in the banking sector, in which we set out the deficiencies we saw. We stated that we expected standards to improve and, a number of years ago, a number of enforcement actions were taken into anti-money laundering compliance. We have looked to the banks to improve their frameworks and our engagement with gardaí suggests that that has happened. This is about making sure suspicions are reported to An Garda Síochána to allow the latter to investigate. An Garda Síochána also works closely with banks to ensure that can happen.