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Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Politically Exposed Persons: Discussion (5 Oct 2022)

John McGuinness: The message, therefore, is that if we think it is bad now, it is going to get worse.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Politically Exposed Persons: Discussion (5 Oct 2022)

John McGuinness: Ms McVeigh is at the centre of it now. I am not holding her to account, but we have to be straight with people.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Politically Exposed Persons: Discussion (5 Oct 2022)

John McGuinness: My point is that the Department is making these decisions.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Politically Exposed Persons: Discussion (5 Oct 2022)

John McGuinness: I refer not to Ms McVeigh but-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Politically Exposed Persons: Discussion (5 Oct 2022)

John McGuinness: That is fine, but just because it is pan-European and just because there is consensus on this issue does not mean it is right.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Politically Exposed Persons: Discussion (5 Oct 2022)

John McGuinness: There are three plenaries.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Politically Exposed Persons: Discussion (5 Oct 2022)

John McGuinness: Okay. It is at experts' group meetings. Then the Members of Parliament vote on these at some stage.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Politically Exposed Persons: Discussion (5 Oct 2022)

John McGuinness: Okay. Maybe the best thing to do is get to the issues within all of this now that I know it is dealt with in the main by senior civil servants at European level. I would say there is little political input and I am going to find that out with a bit of research.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Politically Exposed Persons: Discussion (5 Oct 2022)

John McGuinness: Who is arguing that case?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Politically Exposed Persons: Discussion (5 Oct 2022)

John McGuinness: Who is going to stand up for decency in Irish politics and in normal family life?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Politically Exposed Persons: Discussion (5 Oct 2022)

John McGuinness: No regulation or legislation will force a vulture fund to come before us as a finance committee to discuss all the issues vulture funds are imposing on Irish people, such as repossessing homes and so on. On the other side of this, there is all the legislation we are discussing, which can be simply imposed in member states without due consideration for the honesty of family members who are...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Politically Exposed Persons: Discussion (5 Oct 2022)

John McGuinness: That is my point. Officials know my son and daughter but they do not know the drug dealer. It is weighted in such a way that makes it very strange for those who come under the legislation or the EU directive to accept it. I do not accept it. I accept the principle of what our guests are trying to do but I do not accept the way this is being addressed. I am asking you as the officials who...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Politically Exposed Persons: Discussion (5 Oct 2022)

John McGuinness: Except that they do not seem to know that.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Politically Exposed Persons: Discussion (5 Oct 2022)

John McGuinness: Can I ask Ms McVeigh about the single rule book?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Politically Exposed Persons: Discussion (5 Oct 2022)

John McGuinness: Will that be signed off?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Politically Exposed Persons: Discussion (5 Oct 2022)

John McGuinness: What stage is that at?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Politically Exposed Persons: Discussion (5 Oct 2022)

John McGuinness: Is it months of months?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Politically Exposed Persons: Discussion (5 Oct 2022)

John McGuinness: That rule book must almost be prepared then.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Politically Exposed Persons: Discussion (5 Oct 2022)

John McGuinness: Is it possible to get a copy of that rule book?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Politically Exposed Persons: Discussion (5 Oct 2022)

John McGuinness: When will the final version be signed off?

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