Pat Lorden

So we will really need to be strong in Europe, like we are with the

social media platforms and take a common role here and challenge them together, not just as one country.

Yes, it is important that we have a system in place, definitely in Ireland, that

If I place a bet of a million euros on something and I win very little money or lose some money and I now have 800,000 paid back to me from that bet, it's very important that that money goes back to me and not to somebody else.

Because a lot of these gaming platforms and gambling platforms are not a closed loop.

The money and the tokens can be drawn out by somebody else in another part of the globe.

Absolutely, absolutely.

I think shell companies are still a big problem, both in Ireland and across a lot of other jurisdictions.

And we need to tighten up on ownership and who's behind the ownership.

The directors need to be transparent.

The documentation needs to be checked.

I'm not so sure if we're doing as good a job as we should be on checking who the directors are of each company.

And it is a challenge for our authorities to do that.

But I think we need to make a better effort.

The UK as well is very similar.

They're struggling at the moment with companies housed in relation to who owns which company and who's behind it.

And we see regularly companies are set up and just left sit there for years and years and years and then utilized for some type of fraud down the road.

It is, but I suppose for many years we've been ignoring this.

So entities like the Corporate Enforcement Agency need to do more work in this area and work with the company registration offices and look at some of these companies that are set up.

Yes, we have seen previously that funding was raised in Ireland and was utilised by ISIS a number of years ago.