Mr. Brendan Bruen:

It is important to say there are two other elements. The trust and company service providers, the people who manage it on an industrial scale, are subject to their own regulatory obligation, as is the legal profession. Obligations exists about knowing the customer. As Ms McVeigh said, a trust can be set up very easily and almost unintentionally but where it is falling into a pattern, or into the sort of numbers that would be involved in large-scale corruption, money laundering, etc., other people would almost inevitably be involved in those situations. It touches on the crypto question. Sometimes the underlying transactions cannot be regulated but the companies which are facilitating them can be. That all arises in the area of the commercial asset service provider provisions in the 2021 Act and how we deal with trust and company service providers and with the legal profession.