Dáil debates

Wednesday, 9 March 2022

Ceisteanna - Questions

Economic Policy

2:02 pm

Photo of Micheál MartinMicheál Martin (Cork South Central, Fianna Fail) | Oireachtas source

I will talk to the Department on this because it is very bad for the individuals concerned. Their money is being stolen and they are not getting what they thought they would be getting.  It is very bad for the country’s reputation also.

  On the financial services issue raised by Deputy Mairéad Farrell, I gave figures last week in the Dáil in respect of the overall story of those Russians. I do not have the figures here with me now.  I have only about one minute left and I do not want this to be portrayed as the Government not giving the full story.  I gave a much more comprehensive picture last week of the Central Bank’s examination of Russian-sponsored funds.

Approximately three companies are coming under the sanctions regime in respect of that. This country fully implements and works with any European or global tax frameworks or anti-money laundering initiatives as well.

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