The Central Bank of Ireland (CBI) has levied a record-breaking €21 million penalty on Coinbase Europe Limited (CBEL), the company’s Dublin branch. The fine stems from years of non-compliance with anti-money laundering (AML) and counter-terrorist financing (CTF) regulations, attributed to coding errors in transaction monitoring systems that left certain cryptocurrency transactions unscrutinized. 30% of the initial €30.6 million sanction was reduced due to CBEL’s cooperation in admitting the breaches, agreeing to settle under the Administrative Sanctions Procedure. This penalty marks the regulator’s largest fine against a crypto company and brings the total amount levied across all enforcement cases to over €428 million.