Oireachtas Joint and Select Committees

Wednesday, 12 July 2023

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Authorised Push Payment Fraud: Central Bank of Ireland

Photo of Rose Conway-WalshRose Conway-Walsh (Mayo, Sinn Fein) | Oireachtas source

It is the Central Bank's responsibility to ensure they do fulfil those expectations. We talk about AI but we do not have a shared fraud database to combat fraud. Britain has the shared fraud database while the Netherlands has the Transaction Monitoring Netherlands initiative, which maps the networks of the linked fraudulent accounts. Has the Central Bank had contact with the Department of Justice on the development of the shared information database between the payment system providers and the State agencies?

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