Seanad debates

Thursday, 3 April 2003

The enhancement of financial investigation and asset recovery by all the operational agencies will be of considerable benefit in achieving an increase in the effectiveness of existing measures and identifying new priorities. Legislative changes will provide that suspicious transaction reports under existing money laundering legislation will be made to the Revenue Commissioners as well as the Garda authorities. The Government has also authorised the Garda Síochána to conclude bilateral agreements with financial intelligence units worldwide to allow for the exchange of information to tackle money laundering. It is intended to maintain and improve, where possible, a comprehensive strategy of tackling the assets of serious criminal activity by every means possible.

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