Oireachtas Joint and Select Committees

Wednesday, 5 October 2022

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

Politically Exposed Persons: Discussion

Ms Brenda McVeigh:

We certainly have no control over private institutions like banks in terms of their day-to-day functions but if it is simply on the basis of applying anti-money-laundering rules, it would be a slippery slope for them because those rules are supposed to be applied on a pan-EU basis. Institutions across the EU would be doing the same thing but I am not hearing that anywhere across the EU. We can certainly check it out.

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