Oireachtas Joint and Select Committees
Wednesday, 24 May 2023
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Authorised Push Payments Fraud: Banking and Payments Federation Ireland
Ms Niamh Davenport:
To clarify, it relates to confirmed fraud. Something that we suspect would not be added to this database. If, for example, a bank received fake documentation on account opening, it could add it to the database and another bank member could see that and prevent an account being opened in that institution with the same fake documents. At the moment, someone can open a bank account and go down the road and open another one.