Oireachtas Joint and Select Committees

Wednesday, 5 October 2022

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

Politically Exposed Persons: Discussion

Mr. Brendan Bruen:

"Yes" is the short answer. There are several elements that have different timelines associated with them. The primary transposition was through the 2021 amending Act. A separate statutory instrument in respect of the beneficial ownership trusts was introduced in April 2021. The Act was commenced in April 2021 as well. Then there have been further measures in respect of the Central Bank account registry, which has been put in place since.

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