The Central Bank of Ireland has imposed a €21.5 million ($25 million) fine on Coinbase Europe Limited, citing serious breaches of anti-money laundering (AML) monitoring obligations between April 2021 and March 2025.
Investigations revealed that Coinbase failed to monitor over 30 million transactions worth €176 billion — about 31% of its total activity — due to flaws in its monitoring system. The firm later submitted 2,708 delayed suspicious transaction reports linked to potential money laundering, fraud, cyberattacks, and other crimes.
Coinbase also admitted to lacking proper internal controls and missing enhanced due diligence checks on nearly 185,000 additional transactions.
Following a settlement agreement dated November 5, the penalty was reduced from €30.7 million after a 30% discount and now awaits confirmation by Ireland’s High Court.
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