Irish Crypto Firms Must Comply With Money Laundering Laws For The First Time By Cointelegraph

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Irish Crypto Firms Must Comply With Money Laundering Laws For The First Time

Ireland’s crypto companies have come under regulatory oversight for the first time, and local digital asset companies are now observing anti-money laundering guidelines set out by the European Union or the EU. The EU’s Fifth Anti-Money Laundering Directive, or 5AMLD, was incorporated into Irish law on April 23, via the Criminal Justice Amendment Act on Money Laundering and Terrorism Financing of 2021.

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