Ireland Unveils AML Strategy for Crypto Market

Ireland's first AML strategy for crypto unveiled.

The Irish Department of Finance has released its first national strategy to combat money laundering and terrorist financing. The document introduces enhanced checks for transfers from private crypto wallets, increased due diligence for dealings with foreign crypto companies, and industry standards for accepting cryptocurrencies as a source of funds for gambling.

Legislation for implementing MiCA norms related to AML/CFT is described as “well advanced.” The industry standards are expected to be introduced in the second half of 2027.

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