Law needs to be tightened around cash for gold outlets – Deering

8th December, 2014

Law needs to be tightened around cash for gold outlets – Deering

Fine Gael TD for Carlow/Kilkenny, Pat Deering, has called for cash for gold outlets to be regulated.

“It is unacceptable that cash for gold outlets provide an avenue by which stolen goods are disposed of by criminals. This has in turn led to an increase in thefts and burglaries targeting jewellery.

“We need to regulate these business and ensure that outlets which do not perform due diligence on the provenance of the materials they are purchasing from the public face fines. I have expressed my concerns to the Taoiseach about this matter.

“Concerns have been expressed to me by householders concerned about burglaries. There is also concern from conservationists of an increase in the theft of metal roofing materials & ironmongery.

“Gardaí have expressed the view that the current criminal law is adequate. While the informal purchase of gold, jewellery or scrap metal is not specifically regulated in criminal legislation, the circumstances in which such transactions occur may indicate the commission of an offence: such as, the offences of handling stolen property and/or possession of stolen property, under Sections 17 and 18 of the Criminal Justice (Theft and Fraud Offences) Act 2001.

“While there is criminal justice legislation in place, I believe we need to go further and tighten the law so as to prevent this activity and, in doing so, protect people who are being targeted by thieves.”