Oireachtas Joint and Select Committees
Wednesday, 24 May 2023
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Authorised Push Payments Fraud: Banking and Payments Federation Ireland
Ms Niamh Davenport:
That is correct. We have been working on this for a number of years. There is a secondary piece of legislation with the Department of Justice. We are waiting and hoping that will get approval as soon as possible. It is something that has been useful in preventing fraud in other jurisdictions, particularly the UK. As I said, we have the project ready to go. We are ready to stand up the database as soon as that legislation goes through.
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