Brian Lenihan Jnr (Dublin West, Fianna Fail)

Senator Tuffy wishes to add to the list of the functions of the Criminal Assets Bureau the function under the Companies Acts 1963 to 2003 for the carrying on of any function exercisable by the Director of Corporate Enforcement. Were the functions of the Criminal Assets Bureau extended to necessary actions under the Companies Acts for the carrying on of any function exercisable by the Director of Corporate Enforcement we would have to consult with the director's office and the Criminal Assets Bureau on the impact of both bodies on their operational remit. The function of the Office of Director of Corporate Enforcement is to improve the compliance environment for corporate activity. The director has already been invested with extensive powers. In any event the Criminal Assets Bureau can pursue the proceeds of all types of crime. It may not be necessary to extend the functions of the Criminal Assets Bureau as proposed. However, my officials will consult with both bodies concerned and I will return to the issue on Report Stage if Senator Tuffy tables the necessary amendment.