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Dublin: 15°C Sunday 24 October 2021

Minister to receive recommendations on cash-for-gold regulation

A report is being prepared for justice minister Alan Shatter on whether the cash-for-gold trade should face further regulation.

Image: Sh4rp_i via Flickr

THE JUSTICE MINISTER Alan Shatter is to shortly receive a report which will recommend whether new laws are required to regulate the growing numbers of cash-for-gold shops in the country.

The report is being prepared by the Department of Justice in response to the increased numbers of outlets in Ireland paying cash over the counter in exchange for precious metals, and will be completed soon.

In a response to a parliamentary question tabled by Sinn Féin’s Mary Lou McDonald, Shatter said the report would advise him on whether the sector was appropriately regulated or whether he would need to consider new laws for the sector.

Officials from the Department of Justice have been “in close contact” with Garda commissioner Martin Callinan, and Gardaí have visited all cash-for-gold outlets in the state to remind them of their responsibilities in purchasing jewellery.

Do you believe cash-for-gold outlets need more regulation?

Poll Results:

Yes (533)
No (83)
I don't know (44)

About the author:

Gavan Reilly

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