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Snippet Contents:

Déanaim comhghairdeas leis an Teachta Doherty faoin mBille luachmhar agus tábhachtach seo. Tá ceart agus cóir ag baint leis.
This State has never taken white-collar crime seriously enough. This Bill is a step in the right direction and a significant addition to the law. There is much more we need to do, however. What we need in particular is a shift in culture and attitude. People who are responsible for white-collar crimes need to be held criminally responsible. The Bill’s two major provisions will ensure the Central Bank can take action against an individual if the whole institution has not been found guilty of deception. Too often individuals, not only in the Central Bank but in other institutions, have hidden behind the institution. We need to tackle that. We must also ensure those who lie to the Central Bank are guilty of potentially a criminal offence with a penalty of up to five years in jail or a fine of up to €250,000.
One reason we do not take white-collar crime seriously enough is there is a view it is a victimless crime.