Ireland South MEP Mick Wallace has updated his declaration of financial interests to the European Parliament, to reflect income from his role as an advisor to a company.
In his original declaration of interest to the Parliament in 2019, Mr Wallace made no reference to Wallace Calcio LTD for which he earned between €1 and €499 per month, according to his updated declaration.
This week, a TikTok video showed Mr Wallace stating that he owned three wine bars in Dublin.
This was not reflected in his original Register of Members' Interests declaration.
The video was uploaded by a member of the right-wing Identity and Democracy Group, Alessandro Panza.
Mr Panza and Mr Wallace were both appealing for plans to place cancer warnings on alcohol to be scrapped.
"I have three wine bars in Dublin and I sell only Italian wine," he said.
On Tuesday, a revision of Mr Wallace's declaration of financial interests was provided to the European Parliament, stating that he earned between €1 and €499 per month as an advisor to Wallace Calcio LTD.
This is in addition to his salary as an MEP.
According to the European Parliament website, an MEP's gross monthly salary is €9,808.67 per month.
A spokesperson for the Left Group in the European Parliament said that its co-presidents will discuss the "financial declaration issue" with Mr Wallace "as soon as possible in order to clarify the situation".
He added that the group must first "ensure that the existing rules are abided by and respected" but must also "go further to ensure full transparency and ethics in politics".
The spokesperson said that members are reminded of the need to adhere to rules and to uphold the "highest ethics standards".
"We will show the same passion to guarantee this within our organisation, as we have when it comes to the European Parliament and EU as a whole," he said.
On Tuesday, Co-President of the Left Group in the European Parliament, Manon Aubry, said that MEPs must lead by example.
She told reporters that any omission in the declaration of financial interests of members would be "unacceptable" and "is not the type of ethics worthy of our political group".
