Pat Lorden

So we're one of the only jurisdictions globally that it goes to both parties.

It's assessed by revenue from their point of view and it's assessed from FIU Ireland from the Garda point of view and the national point of view.

And then it is sent out as intelligence to the relevant authority, whether that's drugs and organized crime, economic crime.

human trafficking, or any of the other areas of In Garda Síochána.

That's how it happens.

Or in a lot of cases, they just hold on to the flashy car or the flashy watch and have it as proof of their wares and proof of how successful they are as a drug dealer or involved in any other crime.

A lot of the time they hold on to these valuables.

What's happening globally is as our financial institutions, as you said already, David, are improving their networks and they're not perfect by any means either globally as we see fines imposed on them regularly.

But the betting platforms seem to be an easier way to move your money globally.

So I can put down a bet in some of these platforms, win, lose or draw.

The bet can then be drawn out by other parties and another side of the globe.

And that really needs to stop.

Whoever puts down the bet needs to be the person who's paid the bet number one.

But also our gambling regulator here in Ireland is very limited as to what they can do globally.

So it will take a lot of work to impose restrictions on these global platforms.

It does, it does.

And that is happening with some of the exchanges that haven't been adhering to the law globally.

And that's what needs to happen with the betting as well.

But again, it's like the organized criminal, the betting entities will move to the jurisdiction where is the least challenge to them from a regulatory point of view.

And that's why we see them in a lot of jurisdictions outside of Ireland and outside of Europe.