The Law Society of Northern Ireland tonight outlined details of its on-going investigation into the issue of its investigation into Ian Coulter, former partner in Tughan solicitors in Belfast.
Mick Wallace, the independent TD last week alleged that £7m related to Nama's sale of Northern Ireland property loans was earmarked for a Northern Ireland politician.
The Society has called on TD Mick Wallace or anyone else with "relevant information" on the deal to bring it to police on either side of the Irish border
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A spokeswoman said: "In January 2015, following a self-report made by Tughans, the Law Society commenced an inquiry into the circumstances which led to the resignation of Ian Coulter from Tughans. The Law Society has satisfied itself that any funds in question are secure whilst the investigation is on-going.
"The inquiry has been conducted in accordance with procedures designed to ensure the proper discharge of the Law Society's regulatory duties. These procedures are to safeguard the public interest. It is critical to protect the integrity of any investigation and fairness to all parties. The Law Society does not have a wider remit to investigate individuals who are not solicitors."
The Society said while Mr Coulter did not renew his practising certificate in January this year he remained on the roll of solicitors in Northern Ireland, and therefore remained subject to its regulations.
The spokeswoman added: "The Law Society calls for independent TD, Mick Wallace or any other person with relevant information, to make available to the PSNI and Garda Siochana all information or evidence he has to substantiate the new and serious allegations made by him in the Dail."