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Coinbase Europe Limited settles with Central Bank of Ireland, agrees to €21.5M fine

Photo: rc.xyz NFT gallery

Coinbase Europe Limited settles with Central Bank of Ireland, agrees to €21.5M fine

Regulators intensify scrutiny of digital asset firms while compliance lapses highlight evolving anti-money laundering rules in Ireland.

Coinbase Europe Limited, a crypto exchange operator, has agreed to pay a €21.5 million fine to settle regulatory violations with the Central Bank of Ireland.

The settlement addresses the exchange’s failure to meet transaction monitoring obligations under anti-money laundering and counter-terrorism financing laws between 2021 and 2025. Configuration faults in its monitoring system led to millions of transactions going unreviewed during that period.

The Central Bank of Ireland has increased enforcement of anti-money laundering and counter-terrorism financing standards across digital asset firms operating in its jurisdiction.

Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.

Coinbase Europe Limited settles with Central Bank of Ireland, agrees to €21.5M fine

Coinbase Europe Limited settles with Central Bank of Ireland, agrees to €21.5M fine

Regulators intensify scrutiny of digital asset firms while compliance lapses highlight evolving anti-money laundering rules in Ireland.

Photo: rc.xyz NFT gallery

Coinbase Europe Limited, a crypto exchange operator, has agreed to pay a €21.5 million fine to settle regulatory violations with the Central Bank of Ireland.

The settlement addresses the exchange’s failure to meet transaction monitoring obligations under anti-money laundering and counter-terrorism financing laws between 2021 and 2025. Configuration faults in its monitoring system led to millions of transactions going unreviewed during that period.

The Central Bank of Ireland has increased enforcement of anti-money laundering and counter-terrorism financing standards across digital asset firms operating in its jurisdiction.

Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.