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Ireland rolls out AML strategy with tighter checks on crypto wallets
The strategy adds enhanced due diligence for firms working with overseas crypto companies, extending tougher AML expectations beyond domestic activity.
Ireland has introduced its first anti-money laundering strategy covering private crypto wallets, with an emphasis on applying enhanced checks, according to Decrypt.
The plan also calls for stricter due diligence for firms that deal with overseas crypto companies, tightening compliance expectations across cross border crypto activity.
The move is intended to strengthen oversight of crypto wallet-related risk as regulators broaden AML scrutiny in the sector, Decrypt reported.
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