Credit unions must tell on tax cheats

CREDIT UNIONS and banks are to be forced to blow the whistle on customers they suspect of cheating on their taxes.

Credit unions must tell on tax cheats

Any financial institution which fails to comply with the obligation will face penalties under legislation which is part of a wider drive to regulate financial services.

Banks or credit unions may face penalties if they do not automatically pass on sensitive information to the gardaí or Revenue Commissioners.

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