Oireachtas Joint and Select Committees
Thursday, 12 March 2015
Public Accounts Committee
Revenue Commissioners Investigation of HSBC Offshore Accounts
10:00 am
Mr. Niall Cody:
One would not find any evidence of facilitating that behaviour, but if a bank operates a money transfer system that allows people to move money, some would argue that that is facilitation. We operate in a global environment, however. Many people who hold bank accounts offshore are also doing business offshore. They may be paying suppliers offshore. The international banking system is part of the lifeblood of the economy.