Seanad debates

Thursday, 11 October 2018

Criminal Justice (Money Laundering and Terrorist Financing) (Amendment) Bill 2018: Committee and Remaining Stages

 

10:30 am

Photo of Niall Ó DonnghaileNiall Ó Donnghaile (Sinn Fein) | Oireachtas source

I welcome amendment No. 11. We will be supporting it. We have raised the issue on various Stages of the Bill. I discussed the matter with the Minister for Justice and Equality, Deputy Flanagan, in the House some weeks ago. The wider issues of the regulation of the betting and gambling industries and gambling control are for another day. However, Sinn Féin contends that the Department has not made sufficient progress on this issue. Having said that, I welcome the amendment because at least it is a step in the right direction. I hope we can build on it and see further regulation in terms of what is required to counter the use of gambling and private members' clubs and gambling activities to launder money. Why does the measure not include bookmakers? I would have thought that is a glaring and obvious avenue where the same practice could occur.

I welcome the amendment.However, I add a health warning that we probably could have done more and done better as regards this and we should certainly look to do that in the future.

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