Oireachtas Joint and Select Committees

Wednesday, 31 May 2023

Joint Oireachtas Committee on Social Protection

Safe Deposit Boxes and Related Deposits Bill 2022: Discussion (Resumed)

Photo of Denis NaughtenDenis Naughten (Roscommon-Galway, Independent) | Oireachtas source

I have a related question. I know that Finders operates in the UK as well. What has been the experience of Finders in terms of its dealings with the financial institutions in the UK? Deputy Ó Cuív has identified that it has not had a huge amount of dealings with the financial institutions here in terms of the witnesses’ evidence this morning on safety deposit boxes, except for one institution, and has had no dealings with the financial institutions here in terms of dormant accounts. What has been its level of engagement, or the level of engagement of people in the profession, with the financial institutions in the UK? Have they been more proactive in trying to seek the owners of dormant accounts? Have they been more proactive in trying to seek the ownership of safe deposit boxes? Is there a differential in terms of the procedures that are employed by the financial institutions here compared to the UK?

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