Mr. John Hogan:

We are very much involved in that. A new package was agreed on 20 July 2021. It has four elements. There is new regulation that will collectively replace the current fifth anti-money laundering directive. There is a new directive itself, a sixth one, a revised funds transfer regulation and a regulation establishing a new central supervisor for anti-money laundering matters at EU level.

Anti-money laundering touches quite a number of areas. The Deputy rightly identified the Department of Justice as being part of it. There is very strong co-ordination through the anti-money laundering committee which our Department chairs and which has representatives from the different areas across the State where anti-money laundering and terrorist financing issues arise. Sometimes transposition can be difficult and can touch on different Departments. We do co-ordinate across the different bodies. I think that anything the Department needs to do is up to date but I will double-check and if there is anything to the contrary we will come back on it. We are very conscious that when we are transposing regulations, we do so correctly. We are especially mindful when it might touch on other areas that we are cognisant of what the impact might be.