“IDA’s Admitted US Law Breakage and Delayed Compliance Revealed by The Ditch’s Documentation”
The IDA yesterday admitted to breaking US law but claimed it was fully compliant by October 2018.
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The Ditch however has obtained documentation that reveals the agency didn’t register 15 senior employees with the US Justice Department until April 2022.https://t.co/cDS8ZTaktp
— The Ditch (@wereontheditch) December 6, 2023
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The IDA, the Irish state agency responsible for attracting foreign direct investment, has admitted to breaking US law but claims that it was fully compliant by October 2018. However, new documentation obtained by The Ditch reveals that the agency did not register 15 senior employees with the US Justice Department until April 2022.
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The IDA has a crucial role in promoting Ireland as an attractive destination for foreign businesses, helping to drive economic growth and create jobs. However, it appears that the agency may have overlooked certain legal requirements in its operations, potentially jeopardizing its reputation and relationships with international partners.
The specific US law in question is the Foreign Agents Registration Act (FARA), which requires individuals and organizations acting on behalf of foreign governments or political interests to register with the US government. This legislation aims to increase transparency and prevent foreign interference in domestic affairs.
The IDA’s admission of breaking US law is a significant development that raises questions about the agency’s compliance practices and its understanding of legal obligations. The fact that 15 senior employees were only registered with the US Justice Department in April 2022, several years after the claimed compliance date, suggests a serious oversight in the IDA’s operations.
The Ditch, an investigative news outlet, obtained the documentation revealing the registration delay. This discovery further highlights the importance of independent journalism in holding organizations accountable and ensuring transparency in public institutions.
The IDA’s delay in registering its senior employees could have potential consequences for the agency and the companies it represents. It may result in increased scrutiny from US authorities and damage the IDA’s credibility as a reliable partner for foreign businesses looking to invest in Ireland.
In response to the revelations, the IDA has not provided a detailed explanation for the delay in registering its employees. The agency has, however, emphasized its commitment to compliance with all relevant laws and regulations moving forward.
The IDA’s admission and the subsequent documentation obtained by The Ditch will likely prompt further investigation and scrutiny into the agency’s operations. It remains to be seen how this will impact the IDA’s relationships with both the US government and potential investors.
As a crucial player in Ireland’s economic development, the IDA’s compliance with international laws is of utmost importance. The agency must take swift and transparent action to address any shortcomings and restore trust in its operations..
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@wereontheditch said The IDA yesterday admitted to breaking US law but claimed it was fully compliant by October 2018. The Ditch however has obtained documentation that reveals the agency didn’t register 15 senior employees with the US Justice Department until April 2022. ontheditch.com/ida-ireland-br…
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