Oireachtas Joint and Select Committees

Thursday, 14 December 2017

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

Paradise Papers (Resumed): Allied Irish Banks

9:30 am

Mr. Bernard Byrne:

Again, I think that is an interpretation issue, being honest. In responding to the previous questioner, Deputy O'Donnell, I referenced the issue of Revenue writing to us. I talked about that at that point in time.

The two points are that the data in respect of those customers resided in and is owned by an offshore entity. Therefore, any process to request that data has to go through the owner of the data. The Revenue has a protocol and system in place with the Isle of Man, as I understand it, where it can do that. I am not aware whether it has or has not done that. That is its protocol that it can comply with. We have given all the data that we can, and that is in full compliance with the order, which is within our control. That is what is being complied with.