Written answers

Wednesday, 18 December 2019

Department of Finance

Central Bank of Ireland Investigations

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail)
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124. To ask the Minister for Finance if the Central Bank has information on the prevalence of money mule accounts (details supplied); if so, the details of completed or current investigations under way on the issue; and if he will make a statement on the matter. [53523/19]

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael)
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The Central Bank’s role in relation to anti-money laundering/countering the financing of terrorism is to monitor credit and financial institutions’ compliance with the systems and controls requirements as set out in Part 4 of the Criminal Justice (Money Laundering and Terrorist Financing) Act 2010, as amended (‘the CJA 2010’).

The Central Bank is not responsible for the investigation of money laundering and terrorist financing which is the role of law enforcement. Where credit or financial institutions identify instances where they form a suspicion in relation to money laundering or terrorist financing, they are required to make suspicious transaction reports to both the Gardaí and Revenue Commissioners.


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