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:

We welcomed the comments from the Hamilton report in 2022 and we would like the national strategy on this. We believe the only way is by everybody coming together to play their piece in it. By letting the fraudsters into the online space and into customers’ lives, we are only rewarding the fraudsters at the end of the day, because they are the ones walking away with the cash at the moment. If one talks to An Garda Síochána, it is funnelling much more serious crimes, such as drug trafficking and human trafficking, which we are also doing much work on. What is the delay? I do not think I can comment on what the Department of Justice is saying. We are eager and in regular communication with its officials. We have the statutory instrument, that secondary legislation, and we hope it gets brought in as soon as possible. As I said, we are ready to act as soon as it is brought in.

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