Oireachtas Joint and Select Committees
Wednesday, 31 May 2023
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Authorised Push Payments Fraud: Discussion (Resumed)
Mr. Justin Kelly:
The figures we have for 2021 are significantly higher than that. The figure we have from our recording system is €67 million. With the way our system works, we would not have the recovered amounts without going into each individual investigation. I would have to go back to each individual one to try to work it out. The reality is that with this type of crime, quite often those funds are not recovered. I cannot estimate a percentage but a significant amount is never recovered.