Ireland to tighten checks on transfers involving self-custodied crypto wallets

Ireland will tighten verification requirements for transfers involving self-custodied crypto wallets, Decrypt reported, as the country unveils its first national anti-money laundering strategy. Crypto service providers will be required to verify information on both senders and recipients in such transfers, and to apply enhanced customer due diligence when dealing with overseas crypto firms. The move is in line with the Financial Action Task Force’s Travel Rule, which requires sender and recipient information to accompany transfers. The strategy is set to run through 2030. Separately, the EU plans to ban crypto service providers from offering or holding anonymous accounts starting in July 2027, though self-custodied wallets will be excluded from the ban.