Oireachtas Joint and Select Committees

Thursday, 25 May 2023

Public Accounts Committee

Appropriation Accounts 2021
Vote 24 – Justice

9:30 am

Mr. Doncha O'Sullivan:

Not specific to our programme, but what has emerged from a lot of international commentary on these schemes is that there inherent risks. There are risks of money laundering, the evasion of sanctions, terrorist financing, the inappropriate use of funds and tax evasion. We have a wide range of measures in place to prevent this being the case in our programme. As the programme and the number of applications grow, the extent to which we have to scale up our capacity to prevent this from happening also grows. This is in the context of a very disrupted international environment, with more sanctions in play internationally and growing concern about this.

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