New powers to fight money laundering

Specialist agencies are to have their powers boosted under new anti-money laundering and terrorist financing laws.

The EU-driven provisions will increase the capabilities of the Garda Financial Intelligence Unit and the Criminal Assets Bureau.

Addressing an Oireachtas committee, Justice Minister Charlie Flanagan said Britain intended to continue its “very high level of cooperation” on matters to do with security and crime, including money laundering and terrorist financing.