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

I appreciate that. I suppose the concern from the committee's perspective was that there was such a large fine, that it was an unusual thing and there was, as Mr. Hogan says, a series of anti-money laundering directives. In our dialogue with the Department of Justice, it indicated that it can be difficult to keep up and that there was directive after directive in relation to it. It generated concern here because "difficult to keep up" is not where we want to be. First, we are engaged at European level in the development of much of the technical detail behind the directives so we are already in it and it is not a surprise when it comes out that it somehow has to be transposed. There really is not a reason for ongoing delays and fines accruing as a consequence when we are engaged in the policy development in the first instance. Is it fair to say that we are engaged and that we have sight of them?