23. Deputy Clare Daly asked the Minister for Finance with respect to the revision of the EU anti-money laundering directive, if it remains Irish policy to resist this measure although it is believed that a public register of true or beneficial owners of companies, as contained in the directive, will stem the flow of illicit money around the world and help to defeat capital flight from the poorest nations in Africa, where some estimates of revenue losses to exploited nations are approximately twice the amount provided annually in aid; and if he will make a statement on the matter. [16178/14]

Summary

23. Deputy Clare Daly asked the Minister for Finance with respect to the revision of the EU anti-money laundering directive, if it remains Irish policy to resist this measure although it is believed that a public register of true or beneficial owners of companies, as contained in the directive, will stem the flow of illicit money around the world and help to defeat capital flight from the poorest nations in Africa, where some estimates of revenue losses to exploited nations are approximately twice the amount provided annually in aid; and if he will make a statement on the matter. [16178/14]

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Timeline

1. 8 April 2014

   EU Directives

   23. Deputy Clare Daly asked the Minister for Finance with respect to the revision of the EU anti-money laundering directive, if it remains Irish policy to resist this measure although it is believed that a public register of true or beneficial owners of companies, as contained in the directive, will stem the flow of illicit money around the world and help to defeat capital flight from the poorest nations in Africa, where some estimates of revenue losses to exploited nations are approximately twice the amount provided annually in aid; and if he will make a statement on the matter. [16178/14]

   Source: written

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• EU Directives

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• Daly, Clare. · Asking member
• Finance · Finance · Addressed to

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