The Central Bank of Ireland has imposed a €21,464,734 fine on Coinbase Europe Limited for failing to meet its Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) obligations between 2021 and 2025.
According to the regulator, Coinbase’s systems showed deficiencies in customer due diligence and significant delays in suspicious transaction reporting. Authorities emphasized that even crypto firms must uphold the same high compliance standards as traditional financial institutions.
In response, Coinbase stated that the shortcomings stemmed from legacy processes and that it has “significantly strengthened its compliance framework” over the past two years.
This penalty highlights the growing regulatory pressure on crypto service providers across Europe.
