Oireachtas Joint and Select Committees

Wednesday, 1 June 2022

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Use of Section 110 by Russian Firms: Dr. Jim Stewart

Photo of Jim O'CallaghanJim O'Callaghan (Dublin Bay South, Fianna Fail) | Oireachtas source

It is an interesting point. To a certain extent, it shadows the system that operates here in respect of the Criminal Assets Bureau. Initially, the Criminal Assets Bureau will freeze proceeds of crime but simply because it freezes them does not mean that they are subsequently confiscated, although I think such an application can be made seven years later. Would Dr. Stewart agree with that?

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