Oireachtas Joint and Select Committees
Wednesday, 12 July 2023
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Authorised Push Payment Fraud: Central Bank of Ireland
Rose Conway-Walsh (Mayo, Sinn Fein)
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It is the Central Bank's responsibility to ensure they do fulfil those expectations. We talk about AI but we do not have a shared fraud database to combat fraud. Britain has the shared fraud database while the Netherlands has the Transaction Monitoring Netherlands initiative, which maps the networks of the linked fraudulent accounts. Has the Central Bank had contact with the Department of Justice on the development of the shared information database between the payment system providers and the State agencies?