Ms Niamh Davenport:

We are always conscious of trends. We liaise with colleagues in the EU on a regular basis to find out what trends they are seeing. It generally moves across to us. We try to stay ahead of it in terms of knowing what is coming, but it is hard when we do not have the ability. The roadblock for us at the moment when it comes to anti-money laundering, AML, or fraud is information sharing. It is where we have become stuck at this point. We are doing everything we can within the regulatory framework. We are trying to improve on processes we already have, but it is typologies and patterns we are sharing. It is not the live, real-time prevention of fraud that information sharing could provide.