Ireland Launches 30-Point Financial Crime Plan Targeting Crypto-Asset Misuse

According to the Department of Finance, Ireland's government launched a new National Risk Assessment and 30-point action plan on Thursday, June 18, naming crypto-asset misuse among the country's evolving financial crime threats.

The plan includes enhanced safeguards for crypto-assets and digital finance. The Gambling Regulatory Authority of Ireland will establish an industry standard requiring proper due diligence to verify that cryptocurrency used as a source of funds is legitimate, with implementation targeted for Q2 2027. Tánaiste Simon Harris and Justice Minister Jim O'Callaghan emphasized the measures aim to protect victims and keep Ireland's defenses aligned with criminals' increasing use of technology.