Mr. Gabriel Makhlouf:

As I said earlier, our role in the sanctions world is different from our role in the financial regulation and supervision world. The law operates in a different way. It is ultimately led by the European Commission. We have to do the tasks I described earlier. Those are the tasks we do do. We have probably been a bit more proactive than what is set out in the law as a requirement. I should add we are not the only player in this. An Garda Síochána also has a role to play, as well as, if we are very focused on the section 110 SPEs, the self-regulated professions that set these things up and run them. There are a number of players. The law itself is very clear. A breach of sanctions is a criminal offence - end of story. It applies to every national person in the State.