The Central Bank of Ireland has imposed a significant fine of $24.6 million on the cryptocurrency exchange Coinbase due to its failures in implementing effective anti-money laundering measures. This penalty underscores the regulatory body's commitment to ensuring compliance within the financial sector and highlights the importance of robust safeguards against illicit financial activities in the rapidly evolving world of digital currencies. The fine serves as a reminder to all financial institutions of the critical need to adhere to strict anti-money laundering regulations in order to maintain the integrity of the financial system.
source: https://www.coindesk.com/policy/2025/11/06/central-bank-of-ireland-fines-coinbase-usd24-6m-for-anti-money-laundering-failures