John Gerard Hanafin (Fianna Fail)

I welcome of Minister of State and thank him and his officials. This is an important Bill. The reality of money laundering today and the capacity to move funds instantaneously across borders and continents means that we need to keep up to date. We need to ensure that the police authorities throughout Europe possess the necessary facilities and legal framework within which to work, including the data. Only yesterday we saw a stark reminder of what can happen when we heard that an aeroplane crashed into a building in New York. If nothing else, it reminded us of terrorism today and the need to be ever vigilant. I commend and thank the Minister of State.