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19.03.2019|Ministry of Finance

Anti-Money Laundering Centre for Strategic Surveillance and Analysis to be Established

The Government Anti-Money Laundering Commission decided that a centre for strategic analysis operated by the Financial Intelligence Unit is to be established. The Government Commission assembled on 18 March to discuss the proposals developed by expert working groups on the basis of...
28.02.2019|Ministry of Finance

Tõniste: Risk Assessments of Special Committee and Government Commission Coincide

The Special Committee on Financial Crimes, Tax Evasion and Tax Avoidance of the European Parliament (TAX3) approved its recommendations for the achievement of a more honest and effective tax environment. The draft report, which will be submitted to the plenary session of the European Parliament...
11.02.2019|Ministry of Finance

European Parliamentary Committee Visits Anti-Money Laundering Institutions in Estonia

Estonia was visited by representatives from the European Parliament Committee on Financial Crimes, Tax Evasion and Tax Avoidance (TAX3) on a fact-finding mission on the developments in countering money laundering in Estonia and the circumstances of the Danske Bank case. Members of the Special...
31.01.2019|Ministry of Finance

Statement regarding Nordic-Baltic financial crisis simulation, January 2019

The Nordic and Baltic financial stability authorities have conducted a joint financial crisis management exercise. The exercise was held from 22 to 23 January 2019 and involved 31 authorities from Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden as well as relevant European...
17.01.2019|Ministry of Finance

Statistics Estonia to become a data science competence centre

The Government approved a draft act laying down quality requirements for data in state databases and the conditions for storing and use of such data. As a result of the amendment, Statistics Estonia will be able to cross-use database data more extensively and reduce the administrative burden of...
20.12.2018|Ministry of Finance

Government Presented with Anti-Money Laundering Proposals

Today, the Government AML Commission presented a report on the Danske case including a set of proposals on how to further strengthen Estonian anti-money laundering. The report includes overviews from the Financial Supervisory Authority, Financial Intelligence Unit and the Prosecutor’s Office in...
05.12.2018|Ministry of Finance

Estonia Is Internationally Acknowledged for the treatment of Employee Stock Options

Estonia’s approach for employee stock options is found to be the most favourable in a comparison of 18 countries of the European Union and four other countries, according to a study by the venture capital firm Index Ventures. „Stock options offer an excellent means for startups to motivate and...
29.11.2018|Ministry of Finance

Draft Law Establishes Stricter Sanctions In Financial Sector and New Measures to Fight Money Laundering

Today, the Estonian Government approved a draft law which establishes significantly higher fines in the financial sector, introduces reverse burden of proof on suspicious assets, and makes regulations concerning providers of virtual currency stricter. According to Minister of Finance Toomas...
08.11.2018|Ministry of Finance

Statement by the Ministry of Finance Regarding the EC Reasoned Opinion

The Ministry of Finance of Estonia is of the opinion that Estonia has transposed the fourth AML Directive completely into Estonian law. We have received the Reasoned Opinion of the European Commission and will respond to it within the given two-month period. In our response we will detail how the...
25.10.2018|Ministry of Finance

The submission deadline of data regarding beneficial owners is October 30

Companies, non-profit associations and foundations must submit data regarding their beneficial owners by next Tuesday, 30 October. “Increased transparency of the business environment certainly benefits the whole of Estonian economy. Information regarding beneficial owners enables to determine...

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