Seanad debates
Wednesday, 21 April 2010
Criminal Justice (Money Laundering and Terrorist Financing) Bill 2009: Report and Final Stages.
10:30 am
Dermot Ahern (Louth, Fianna Fail)
In a nutshell, the provisions in the Bill allow us to designate further classes of practitioners if the need arises. We believe we have included the required number and type of practitioner in this area as much as we can in the Bill. The issue of the definition of an accountant is a matter for other legislation. On this Bill, if there are groups of people or individuals who are holding themselves out as auctioneers we can make the necessary designation in that respect.
On amendments Nos. 7 and 9 tabled by the Senator, we have examined the issue and, as much as possible, have endeavoured to include people who are legitimately involved in insolvency, such as solicitors practices and accountancy practices, but there are people who do insolvency transactions to a certain extent, even on an amateur basis. There may be a difficulty in that respect in that the definition proposed by the Senator does not cater for them. This is something we can come back to at a later stage, if necessary.
Amendment agreed to.
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