Ireland

Ireland, For the first time, Irish crypto firms must comply with anti-money laundering laws

For the first time, Irish crypto firms must comply with anti-money laundering laws

For the first time, Ireland’s crypto businesses have been subjected to regulatory oversight. With local digital asset firms now adhering to EU anti-money laundering guidelines. The Criminal Justice Money Laundering and Terrorist Financing Amendment Act of 2021 transposed the EU’s Fifth Anti-Money Laundering Directive, or 5AMLD, into Irish law on April 23. Virtual Asset Service […]

Irish High Court seizes $56 million in bitcoin

Irish Court Seizes $56 Million in Bitcoin From Alleged Drug Dealer

An alleged drug dealer lost $52 million euro (over $56 million) in Bitcoin after the Irish High Court ruled that they were criminal proceeds and should be confiscated. Local news outlet independent.ie reported on Feb 19 that the court accepted that Clifton Collins was involved in drug trafficking. Collins didn’t content the Criminal Assets Bureau’s […]