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

There is a huge range of banks in the IFSC which are registered in Ireland. We are very anxious to have that business but we want it to be legitimate. We know that there are vast flows of money, worldwide and in Ireland, with much of it flowing out of some very poor countries. I asked if anybody from CAB went into the Central Bank to look at its systems to see how good they are for the purposes of stopping money laundering.

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