The post Coinbase Europe Limited settles with Central Bank of Ireland, agrees to €21.5M fine appeared on BitcoinEthereumNews.com. Key Takeaways Coinbase Europe Limited agreed to a €21.5 million fine to settle regulatory violations with the Central Bank of Ireland. The violations relate to failures in transaction monitoring for anti-money laundering (AML) and counter-terrorism financing (CTF) over several years. 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. Source: https://cryptobriefing.com/coinbase-europe-ireland-fine-aml-2024/The post Coinbase Europe Limited settles with Central Bank of Ireland, agrees to €21.5M fine appeared on BitcoinEthereumNews.com. Key Takeaways Coinbase Europe Limited agreed to a €21.5 million fine to settle regulatory violations with the Central Bank of Ireland. The violations relate to failures in transaction monitoring for anti-money laundering (AML) and counter-terrorism financing (CTF) over several years. 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. Source: https://cryptobriefing.com/coinbase-europe-ireland-fine-aml-2024/