Ireland Cracks Down on Crypto Wallets with New Anti-Money Laundering Strategy

Ireland has introduced its first national anti-money laundering (AML) strategy through 2030. The plan places enhanced checks on private-wallet transfers and overseas crypto firms among its main digital-asset controls.

The strategy will guide financial crime policy in Ireland until 2030, coordinating the country's response to money laundering, terrorist financing, and proliferation financing.

Crypto firms must now apply enhanced checks to certain transfers involving self-hosted wallets. This includes collecting information about both parties when handling transactions to or from these addresses.

Regulated providers must also take steps to assess whether their customers own or control the self-hosted address for transfers exceeding €1,000.