Oireachtas Joint and Select Committees
Tuesday, 1 July 2014
Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance
National Treasury Management Agency (Amendment) Bill 2014: Committee Stage
9:35 pm
Fergus O'Dowd (Louth, Fine Gael)
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No. It is just that the cumulative value of holdings must be within the law. It means that if I have money, it will not exceed in my name the maximum I am allowed to hold and that I meet all of the requirements of anti-money laundering legislation. It is to ensure compliance with those laws.