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, I would agree. I would also say that it is that broader process of risk evaluation that should happen for all customers. It is not a black and white case of somebody being in one case and having no requirements and in another case having very onerous requirements. A risk-based approach should be taken to what the relationship is and what documentary requirements are necessary. Ms McVeigh may want to come in.

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