Micheál Martin (Cork South Central, Fianna Fail)
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38. To ask the Minister for Finance if the Central Bank of Ireland has a policy on services that Irish banks provide with legitimate businesses that trade with Cuba; and if he will make a statement on the matter. [26284/14]

Michael Noonan (Limerick City, Fine Gael)
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I have been informed by the Central Bank that EU Financial Sanctions are binding on all EU persons, accordingly Irish banks are obliged to comply with all EU Financial Sanctions.  The Central Bank of Ireland acts as a competent authority for EU Financial Sanctions.  There are currently no EU Financial Sanctions in place concerning Cuba.