Ireland Names Crypto-Asset Misuse a Top Threat in New Financial Crime Plan

Ireland's government launched a 30-point action plan targeting crypto misuse, including a new standard requiring due diligence on crypto used as a source of funds. The measures prepare for a 2028 FATF evaluation.

• Ireland's National Risk Assessment names crypto-asset misuse among the country's top financial crime threats
• New industry standard will require firms to verify that crypto used as a source of funds is legitimate
• Gambling Regulatory Authority tasked with setting the crypto due diligence standard by Q2 2027
• Central Bank must build a 'systematic understanding' of how AI creates new AML vulnerabilities
• Measures prepare Ireland for its 2028 Mutual Evaluation by the global AML watchdog FATF

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