Results 3,181-3,200 of 16,849 for speaker:Dermot Ahern

Criminal Justice (Money Laundering and Terrorist Financing) Bill 2009: From the Seanad (28 Apr 2010)

Dermot Ahern: The purpose of these amendments is to insert the term "transaction" after the word "service" in sections 33(8)(a) and 37(8)(b) of the Bill, thereby clarifying that the provisions apply to a transaction or service, as appropriate. The reason for this change is that the carrying out of a transaction with a customer, and nothing more, does not involve the provision of a service. By contrast,...

Criminal Justice (Money Laundering and Terrorist Financing) Bill 2009: From the Seanad (28 Apr 2010)

Dermot Ahern: This amendment merely corrects a textual error in section 34 of the Bill, which should refer to "the treaties".

Criminal Justice (Money Laundering and Terrorist Financing) Bill 2009: From the Seanad (28 Apr 2010)

Dermot Ahern: These amendments to section 37 provide for enhanced customer due diligence to be carried out in the cases of people who are politically exposed. They deal with the requirements on designated persons to obtain approval from senior management before a business relationship is entered into and established with a politically exposed person and to determine the source of wealth and funds involved...

Criminal Justice (Money Laundering and Terrorist Financing) Bill 2009: From the Seanad (28 Apr 2010)

Dermot Ahern: I thank the Deputy.

Criminal Justice (Money Laundering and Terrorist Financing) Bill 2009: From the Seanad (28 Apr 2010)

Dermot Ahern: These two amendments change the period of time for which documents and records must be kept from six years to five. They also provide that the period of time for which records relating to transactions and services will be kept will be five years from the date on which the transaction or service is completed or discontinued, regardless of whether the business relationship applies. This means...

Criminal Justice (Money Laundering and Terrorist Financing) Bill 2009: From the Seanad (28 Apr 2010)

Dermot Ahern: I can understand what the Deputy is saying but the original intention in the Bill was, because of the relevant period regarding business transactions, that the statute of limitations period would be six years. As the matter progressed and there was consultation with Departments and interested parties, it was felt that in the modern era of financial transactions a five-year period is the norm...

Criminal Justice (Money Laundering and Terrorist Financing) Bill 2009: From the Seanad (28 Apr 2010)

Dermot Ahern: This Bill is urgent because we are fulfilling the commitments under the directive. As I said, we have tailored it to suit our circumstances, up to a point. We had very robust money laundering legislation heretofore, but this will tighten it yet again and ensure we conform with the rest of the European Union. As regards consolidation, it will not happen in the area of money laundering per...

Criminal Justice (Money Laundering and Terrorist Financing) Bill 2009: From the Seanad (28 Apr 2010)

Dermot Ahern: On my own initiative, I included private members' gaming clubs, which have sprouted around the country, under the legislation because they have not been regulated and it was necessary to bring such clubs under some form of regulation, particularly given the large sums that wash through them. We are steering away from the purpose of the Bill but the Deputy's questions are about money...

Criminal Justice (Money Laundering and Terrorist Financing) Bill 2009: From the Seanad (28 Apr 2010)

Dermot Ahern: The Deputy will be sorry for asking these questions by the end of this.

Criminal Justice (Money Laundering and Terrorist Financing) Bill 2009: From the Seanad (28 Apr 2010)

Dermot Ahern: When the Labour Party decided on a contrary view to that originally expressed by Fine Gael, I was lobbied by Deputy Barrett and others within the party to proceed with the all-party group, which I wanted to do.

Criminal Justice (Money Laundering and Terrorist Financing) Bill 2009: From the Seanad (28 Apr 2010)

Dermot Ahern: However, because I could not secure the Opposition's agreement, I then asked the primary official in the Department dealing with this to examine how we could proceed with legislation because governments of every colour since 1956 had shied away from amending the gaming and gambling laws for whatever reason. Perhaps vested interests were the reason but I do not know. I saw it as my...

Criminal Justice (Money Laundering and Terrorist Financing) Bill 2009: From the Seanad (28 Apr 2010)

Dermot Ahern: With regard to the Deputy Flanagan's question on legislation relating to casinos, my party has not discussed it nor has there been discussion at government level regarding whether we will proceed to have resort style casinos or Las Vegas-type casinos in this country. That would be a major decision, which would have to be made by the Government and the Oireachtas. The Government has had no...

Criminal Justice (Money Laundering and Terrorist Financing) Bill 2009: From the Seanad (28 Apr 2010)

Dermot Ahern: The Deputy also had a little adventure yesterday because word had it he was haring down to Limerick and then he had to hare back.

Criminal Justice (Money Laundering and Terrorist Financing) Bill 2009: From the Seanad (28 Apr 2010)

Dermot Ahern: Dundalk is halfway between Dublin and Belfast in probably one of the most pivotal areas in the country and the provision of sports and leisure facilities there would be a great addition to the desire of my town to be the leisure capital of Ireland. Resort-style casino legislation is not on the horizon. There will be legislation on gaming generally but heads of a Bill and so on are not ready...

Criminal Justice (Money Laundering and Terrorist Financing) Bill 2009: From the Seanad (28 Apr 2010)

Dermot Ahern: The Deputy is barking up the wrong tree.

Criminal Justice (Money Laundering and Terrorist Financing) Bill 2009: From the Seanad (28 Apr 2010)

Dermot Ahern: Did I say that?

Criminal Justice (Money Laundering and Terrorist Financing) Bill 2009: From the Seanad (28 Apr 2010)

Dermot Ahern: No, it does not.

Criminal Justice (Money Laundering and Terrorist Financing) Bill 2009: From the Seanad (28 Apr 2010)

Dermot Ahern: To answer the Deputy, if he is to extend his logic, I would not discuss the licensing laws with any publican or hotel owner in my constituency whom I support. If that was the case I would never go outside the door for fear I might meet someone with whom I might have a connection in my Department. When I supported that proposal, it was in the context of a leisure and sports facility.

Criminal Justice (Money Laundering and Terrorist Financing) Bill 2009: From the Seanad (28 Apr 2010)

Dermot Ahern: As I said at the weekend, if I were to introduce legislation to allow for a Las Vegas-type casino, in the event of the Government deciding to do so, which it has not, if I am still Minister I would ensure that the licensing of it would be done independently of any political input. Therefore, it is academic whether I support such a proposal.

Criminal Justice (Money Laundering and Terrorist Financing) Bill 2009: From the Seanad (28 Apr 2010)

Dermot Ahern: The Bill will be commenced in various Parts in the coming months in order to give adequate time to the various people involved, including the professions. At least three months notice will be given of the first commencement which will provide a good opportunity to inform members.