Ireland Releases First National Anti-Money Laundering Strategy, Strengthens Crypto Wallet Regulation

TechFlow news, August 14, according to Decrypt reports, Ireland released its first national anti-money laundering strategy (2026-2030) on August 14, bringing crypto assets into the scope of key regulation. According to the remaining provisions of the EU "Transfer of Funds Regulation", Ireland will implement "enhanced checks" on transfers involving private crypto wallets and require stricter due diligence for institutions transacting with overseas crypto companies. The strategy also stipulates that the Irish Gambling Regulatory Authority will establish industry standards in the second quarter of 2027 to standardize compliance review processes where crypto assets are used as a source of funds. Irish Finance Minister Simon Harris stated that this move aims to prevent criminal organizations from using crypto assets and complex international financial networks for money laundering, ensuring Ireland does not become a haven for criminal proceeds.