For the first time in seven years, the Irish government released an assessment related to digital assets, noting risks from money laundering, terrorism financing, sanctions violations and bribery.<\/p>\n
The government of Ireland is taking aim at digital assets used in money laundering and terrorism financing as moves to implement industry standards \u201crelating to the acceptance of crypto-related activities as a source of funds\u201d by the second half of 2027 as part of its policy priorities.<\/p>\n
In part of its implementation plan following a national risk assessment released on Thursday, the Irish department of finance said crypto assets presented \u201cvery significant\u201d risks related to money laundering and terrorism financing. The government\u2019s 2026 report was the first time in seven years that Ireland released a risk assessment related to digital assets, noting an increase in prosecutions related to money laundering and incidents of fraud in which using crypto was \u201cparticularly attractive\u201d to criminal groups.<\/p>\n
Source: Government of Ireland<\/p>\n