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Ireland Adopts National AML Strategy to Tighten Crypto Transfer Checks

Mandatory collection of sender and recipient data for private-wallet transfers signals tougher enforcement, sector rules, coordinated supervision through 2030

Overview

  • Ireland published its first national anti‑money‑laundering strategy on Aug. 14, 2026, setting a coordinated plan to fight money laundering, terrorist financing and proliferation financing through 2030.
  • The strategy finishes transposing the EU Transfer of Funds Regulation so regulated crypto firms must follow the FATF 'travel rule' and supply originator and beneficiary data when they handle transfers.
  • For transfers involving self‑hosted wallets firms must collect information on both parties and, for amounts above €1,000, take steps to verify whether a customer owns or controls the private address; firms may request more details, suspend, return, or reject transactions with incomplete data.
  • Ireland's earlier decision to use a 12‑month MiCA grandfathering window that ended on Dec. 30, 2025 increased pressure for full authorizations and already fed enforcement actions such as the Central Bank of Ireland's €21.5 million fine on Coinbase Europe in November 2025.
  • The plan also orders the Gambling Regulatory Authority to set a crypto source‑of‑funds standard by Q2 2027 and operates alongside EU moves that ban anonymous crypto accounts from July 2027 and place cross‑border coordination under the new AMLA in Frankfurt.