The Counterfeiting Act 2021 (No. 16) significantly enhances Ireland's legal framework to combat counterfeiting, aligning with EU Directive 2014/62/EU. It introduces a comprehensive set of offences related to the manufacturing, distribution, and possession of counterfeit goods, including currency and security features. The Act also addresses contemporary threats such as digital counterfeiting and organised crime, criminalising the possession of tools used in these activities and increasing penalties to reflect their severity.

Furthermore, the Act expands investigatory powers for An Garda Síochána, facilitating search warrants and the seizure of counterfeit materials. It bolsters cooperation with Europol and Eurojust, thereby strengthening the prosecution of counterfeit networks. This modernised legal approach aims to protect consumers, businesses, and the integrity of financial systems in Ireland.