The strategy aligns Ireland with the European Union’s Transfer of Funds Regulation, requiring service providers to capture and verify originator and beneficiary details for digital transactions. For transfers exceeding €1,000, firms must specifically assess whether their customers own or control the self-hosted addresses involved. Providers failing to secure complete information face a range of enforcement actions, including transaction suspension or the return of assets.
In section Cryptocurrency
Ireland Unveils AML Roadmap Targeting Crypto and Private Wallets
Ireland has launched its first national anti-money laundering strategy, a comprehensive framework running through 2030 that mandates rigorous oversight of digital-asset transfers. The policy forces crypto service providers to implement enhanced due diligence for transactions involving self-hosted wallets and firms operating outside the European Union.
Finance Minister Simon Harris emphasized that the initiative aims to dismantle the ability of criminal syndicates to exploit complex international financial networks. This regulatory push complements the broader Markets in Crypto-Assets (MiCA) framework, for which Ireland enforced a truncated 12-month transition period ending in December 2025. Beyond institutional oversight, the Gambling Regulatory Authority must establish standards for verifying the source of crypto-based funds by the second quarter of 2027 to mitigate risks within the gaming sector.
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