You are here

News

10.01.2020|Ministry of Finance

Martin Helme: fighting money laundering must be smarter

According to Minister of Finance Martin Helme, the fight against money laundering in banks must be smarter and more thought-out, so that honest companies are not affected in the process and Estonia does not lose new investments. "Countering money laundering remains one of our priorities, but today...
23.12.2019|Ministry of Finance

Estonia enhances the efficiency of the fight against money laundering

The government has approved draft changes to the Money Laundering and Terrorist Financing Prevention Act, which will significantly improve the scope of preventing money laundering. The planned changes would create protection for whistleblowers and a legal basis for creating a database of bank...
04.12.2019|Ministry of Finance

The Government Committee discussed preparations for the Moneyval evaluation

On Friday the 28th of November, at the session of the Government Committee on the Prevention of Money Laundering and Terrorism Financing, the members of the committee received an overview of the activities of the Financial Supervision Authority, the Financial Intelligence Unit and the Prosecutor's...
02.12.2019|Ministry of Finance

The Ministry of Finance wants to increase the financial sector fines

The government of Estonia approved the draft legislation presented by the Ministry of Finance, which significantly improves the state’s possibilities to combat money laundering through substantially increased fines in the financial sector. “Estonia is not a place for money laundering. It is...
20.11.2019|Ministry of Finance

Ministry of Finance is exploring the possibilities to regulate cryptographic assets

Ministry of Finance has published a consultation paper how to regulate cryptographic assets. „In Estonia, more and more capital is raised by using innovative technology-based solutions which are often based on cryptography. However, these methods of engaging capital are largely unregulated and...
31.10.2019|Ministry of Finance

Baltic States will harmonise legislation for issuing covered bonds

The ministries of finance of Estonia, Latvia and Lithuania, together with the European Bank for Reconstruction of Development and other banks, have prepared their final proposals for creating the legal framework required for developing a common Baltic covered bond market. “In isolation, the...
11.10.2019|Ministry of Finance

More specific information needed by Estonian authorities on the planned Tallinn-Helsinki tunnel

On the initiative of the prospective developer Peter Vesterbacka, Estonia’s Minister of Public Administration Jaak Aab today met the potential developers of the proposed Tallinn-Helsinki undersea rail tunnel as well as the prospective funders of the project. At the meeting, Minister Jaak Aab...
30.09.2019|Ministry of Finance

Government commission: Moneyval assessment must be taken very seriously

At the regular meeting of the Government AML/CFT Commission held on Wednesday, 25 September, the commission was given an overview of the activities of the Financial Supervision Authority, the Financial Intelligence Unit and the Prosecutor's Office in the prevention of money laundering during the...
25.09.2019|Government Office

The government approved the draft state budget for 2020

Stenbock House, 24 September 2019 – The government approved the draft state budget for 2020, with expenditures of 11.6 billion euros and revenues of 11.8 billion euros. Expenditures will increase by approximately 240 million euros and revenues by 760 million euros over 2019. According to Prime...
04.09.2019|Ministry of Finance

OECD experts help strengthen the development of the financial management of Estonia

Finance Minister Martin Helme discussed the development of the financial management of Estonia with the experts of the Organisation for Economic Co-operation and Development (OECD) on Friday. The European Commission funds two projects for the development of the financial management of the Estonian...

Pages