Brian Cowen (Laois-Offaly, Fianna Fail)

I understand that legislation on the money laundering directive is due during the course of the next session and the Prevention of Corruption (Amendment) Bill 2008 has been referred to committee for further discussion and progression.

On the issues under investigation, the Central Bank and Financial Services Authority of Ireland Act 2004, which amended previous Acts of 1942 and subsequently, and the companies legislation, comprehensively set out those areas for which there would be legal sanction in the event of that being deemed appropriate by the independent investigative authorities, which are proceeding with that process.

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