Oireachtas Joint and Select Committees

Thursday, 2 December 2021

Public Accounts Committee

2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 9 - Revenue Commissioners
Chapter 12 - Controls over the Temporary Wage Subsidy Scheme
Chapter 13 - Revenue's Management of Suspicious Transactions Reports

9:30 am

Photo of Jennifer Carroll MacNeillJennifer Carroll MacNeill (Dún Laoghaire, Fine Gael) | Oireachtas source

In my remaining time I want to ask two questions on the work done on the suspicious transaction reports, STRs. Work remains to be done but when the system is updated with new key words that are, potentially, linked to cryptocurrencies or other marks of the black economy but, particularly cryptocurrencies, will that automatically have an effect on ratings? Once the work is done, will Revenue have an opportunity to review the period where the coding was not necessarily in place to see what, if any, effect that would have and whether reviews could be done respectively on some of the areas of greater concern?

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