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

Mr. Richard Walsh:

We have been asking for this for quite a number of years. It took quite a while for the office of the data commissioner to reach a point where it was comfortable with what was being proposed. Incidentally, we are looking to replicate the model that the UK has and bring in the same not-for-profit vendor that runs the UK database. I think it is well understood. However, that secondary legislation is required. That went over to the Department of Justice about a year ago. We are in regular contact with its officials. They had hoped to have it in place, I think, in the first half of the year but they are now signalling that there are delays. As of now, unfortunately, we do not have a date. The Department of Justice was very supportive over those years and it wants to see this database coming in as well.

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