Ms Derville Rowland:

In recognition that underlying ownership of assets is a very important transparency provision to support and strengthen the effectiveness of the anti-money laundering regimes, the successive directives have strengthened the approach in this area. The approach in Ireland is that the registration requirements are being set up in different entities and it will be of national level importance that the actual registrants comply with their obligation. I am sure the relevant agencies will make sure that if there is a risk or if the standard required is not being adhered to, we will work together to make sure the registrants are brought up to standard. For sure, it is a key way to address concerns about money laundering.