Seanad debates
Tuesday, 25 September 2018
Criminal Justice (Money Laundering and Terrorist Financing) (Amendment) Bill 2018: Second Stage
2:30 pm
Anthony Lawlor (Fine Gael) | Oireachtas source
I welcome the Minister. It is fascinating to see Senators and Deputies will have to get senior management to ratify that we are able to open a bank account. I remember when I opened my first bank account that I got the manager of the Central Bank to verify that I was eligible to do so, which means it is back to square one again for me.
I have a couple of queries. Does the Central Bank have the resources to enable it to follow up on all the changes in the legislation? Will extra resources, including financial and staffing resources, be required for the financial intelligence unit, which will obviously take on a more onerous role within this area?
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