Ivana Bacik (Independent)

I move amendment No. 1:

In page 11, between lines 10 and 11, to insert the following:

"(4) The Minister shall within three months after the commencement of this Act publish a five-year anti-money laundering and counter-terrorist financing strategy illustrating how the objects of the Act are to be pursued, such a strategy to be evaluated and revised at the end of the five year period."

I moved this amendment on Committee Stage. The amendment seeks that the Minister publish a five-year anti-money laundering and counter-terrorist financing strategy within three months of the commence of this Act. I previously explained that this is based on the strategy published in the UK on foot of its legislation. I believe it would be useful to have a statutory basis for such a strategy.