You are here

News

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...
02.09.2019|Ministry of Finance

Government launches thorough review of state budget

The Government decided to launch a thorough review of the state budget in order to use taxpayer money as efficiently as possible. The objective of the review is to assess whether the current expenditure is justified and free up funds for dealing with the government’s priorities. According to...
28.06.2019|Ministry of Finance

Government commission: anti-money laundering measures need greater domestic attention

At its regular meeting on Wednesday, 26 June, the Estonian Government Anti-Money Laundering Commission discussed three main topics – analysis of money laundering incidents 2007-2014, further development of the legislative framework, and carrying out a domestic risk assessment in preparation for the...

Pages