Oireachtas Joint and Select Committees

Wednesday, 21 September 2022

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

Banking Issues: Discussion (Resumed)

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael)
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We have an extensive amount of work under way regarding issues such as financial fraud and money laundering. We have a unit inside the Department of Justice that is involved in overseeing activity with regard to this issue. A unit within my own Department also looks at activity that is under way and monitors our progress in it. We have such a strategy in place. I am confident from the briefing I received regarding the work being done by the Revenue Commissioners and An Garda Síochána that much activity is taking place and many interventions are being made. This is an area in which I must be ever cautious, however. I am always aware that the sophistication and scale of financial fraud is growing. We take it as seriously as we can. I am sure that if the Deputy is concerned about a specific issue he will raise it with me, and I will do my best to provide him with a briefing on the matter.