Ireland has published its first national anti-money laundering strategy, setting out tighter scrutiny for digital asset transfers involving self-hosted wallets and stricter due diligence for crypto firms working with overseas entities. According to a notice from the Irish Department of Finance, the plan is meant to complete the remaining requirements under the European Union’s Transfer of Funds Regulation. Under the framework, crypto-asset service providers will be required to carry out enhanced checks on transfers linked to private wallets and apply tougher customer due diligence when doing business with foreign crypto companies. The measures are tied to the Financial Action Task Force’s Travel Rule, which requires sender and recipient information to accompany digital asset transactions to improve transparency around fund flows. Ireland said the new rules are being advanced alongside the EU’s Markets in Crypto-Assets regulation, or MiCA. The country had previously given domestic crypto firms a 12-month transition period, shorter than the EU maximum of 18 months, and that period ended in late December 2025. As a result, 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 for crypto firms working with overseas entities, according to Decrypt.
A notice from the Irish Department of Finance said the strategy will implement the remaining requirements of the European Union’s Transfer of Funds Regulation. Under the plan, crypto-asset service providers, or CASPs, will have to carry out “enhanced checks” on transfers involving private wallets. They will also face stricter customer due diligence requirements when conducting business with foreign crypto companies.
Travel Rule forms the basis of the measures
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. The stated aim is to improve transparency around the movement of funds.
New rules move ahead alongside MiCA
Ireland said the new requirements are being advanced in parallel with the European Union’s Markets in Crypto-Assets regulation, known as MiCA. MiCA established a unified regulatory framework for crypto-asset service providers across the bloc.
On the transition timeline, Ireland had previously granted domestic crypto firms a 12-month transition period, shorter than the maximum 18 months permitted under EU rules. That transition period ended at the end of December 2025, meaning the new requirements will apply directly to firms that have already obtained formal authorization.
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