Ireland Rolls Out Anti-Money Laundering Strategy Targeting Crypto

Key Takeaways

• On Aug. 13, Simon Harris launched Ireland’s 5-priority anti-money laundering plan.
• New rules target crypto assets and higher-risk firms across 5 key areas.
• Next, Ireland will align with new EU laws to prepare for its 2026 FATF evaluation.

Alignment with Risk Assessment and Strategic Goals

Ireland unveiled its first national anti-money laundering strategy Aug. 13, introducing new rules for crypto-assets and cryptocurrency transfers to prevent criminals from moving illicit funds anonymously.

Launched by Irish Deputy Prime Minister and Minister for Finance Simon Harris, the strategy underpins the most significant strengthening of Ireland’s financial crime framework in years. It aims to deliver a whole-of-government approach to prevent criminals, fraudsters and terrorist financiers from exploiting the state’s financial system.

“Criminal organisations are becoming increasingly sophisticated,” Harris said in a statement. “They are exploiting new technologies, crypto-assets and complex international financial networks to conceal criminal profits. Government must continue to stay ahead of those threats.”

Preparation of the strategy follows the recently published 2026 National Risk Assessment on Money Laundering, Terrorist Financing and Proliferation Financing, alongside its associated Priority Action Implementation Plan. Built around five strategic priorities—strengthening national coordination, better understanding risks, delivering a stronger regulatory framework, building capability, and enhancing international cooperation—the initiative sets out several key reforms.