Mr. Niall Cody:

We are not a competent authority in relation to money laundering. Tax evasion is a predicate indication of money laundering. We deal with the tax evasion piece. We have 6,800 full-time equivalents, of whom 3,200 are involved in compliance activity across a broad range. We do not specifically distinguish between various different types of tax evasion but our structure is organised such that we have a large corporates division, a high-wealth division, a medium enterprise division, a business division, a personal division, the Collector General and an investigation and prosecutions division. Serious tax evasion is a matter for each of those divisions having regard to their case base. Serious matters are for the investigation and prosecutions division. We were involved whereby a lot of the indications of money laundering include extensive exchanges of information at international level and offshore. Going back to the Committee of Public Accounts in the late 1990s when former Deputy, the late Mr. Jim Mitchell was Chairman of the committee, there was the whole bogus non-resident accounts issue, which led into the offshore accounts. In that whole area of offshore investigations that we carried out for 20 years, we collected more than €3 billion in serious tax evasion.