Ireland has released its first national anti-money laundering strategy, setting out tighter scrutiny for digital asset transfers involving self-hosted wallets and stricter due diligence when crypto firms work with overseas institutions. According to an announcement from the Department of Finance, the plan is designed to complete the remaining requirements under the European Union’s Transfer of Funds Regulation. It will require crypto-asset service providers, or CASPs, to carry out enhanced checks on transfers linked to private wallets, while also applying stronger customer due diligence standards in business relationships with foreign crypto companies. The measures are based on the Financial Action Task Force’s Travel Rule, which requires digital asset transactions to include information on both the sender and the recipient to improve transparency around fund flows. Ireland said the new requirements will move ahead alongside the EU’s Markets in Crypto-Assets regulation, known as MiCA, which created a unified regulatory framework for crypto service providers. Ireland had previously granted domestic crypto firms a 12-month transition period, shorter than the maximum 18 months allowed by the EU. That transition period ended at the end of December 2025, meaning the new requirements will apply directly to firms that have already received full authorization.
Ireland has published its first national anti-money laundering strategy, outlining tighter scrutiny for digital asset transfers involving self-hosted wallets and higher due diligence requirements when crypto firms work with overseas institutions.
According to an announcement from Ireland’s Department of Finance, the strategy is meant to implement the remaining requirements under the European Union’s Transfer of Funds Regulation. It will require crypto-asset service providers, or CASPs, to conduct enhanced checks on transfers involving private wallets. Firms will also face stricter customer due diligence requirements when doing business with foreign crypto companies.
Measures tied to the FATF Travel Rule
The new steps are based on the Financial Action Task Force’s Travel Rule. Under that standard, digital asset transactions must include information on the sender and the recipient, with the aim of improving transparency around the movement of funds.
Rollout to proceed alongside MiCA
Ireland said the rules will be advanced in parallel with the European Union’s Markets in Crypto-Assets regulation, or MiCA. MiCA established a unified regulatory framework for crypto-asset service providers.
Ireland had previously given domestic crypto firms a 12-month transition period, shorter than the maximum 18 months permitted by the EU. That transition period ended at the end of December 2025, so the new requirements will apply directly to firms that have already obtained formal authorization.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
