John McGuinness (Carlow-Kilkenny, Fianna Fail)
Link to this: Individually | In context | Oireachtas source

I will ask a few questions, although Mr. Sibley probably will not be able to answer them in the short time remaining. I do, however, wish to put them on the record. Perhaps he could come back to us with answers. I thank him for the comprehensive response to the various issues raised at the previous meeting which we received earlier today.

The committee and I sent some material to bring an issue to the attention of the bank. Money was borrowed from Anglo Irish Bank, most of which was paid to an associate of that bank and ended up in an Anglo Irish Bank deposit account. Over time and through the process, this destroyed the individual's business. What is the response of the Central Bank to cases of serious money laundering such as this? Who deals with it? Is it Ms McEvoy or somebody else? Is it considered a consumer protection issue? Where in the Central Bank should the detail of such a case be directed for a comprehensive and early response?