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The Prosecutor’s Office takes the lead role in the money laundering investigations

18. February 2021 - 18:56

The Cabinet meeting today discussed options to protect the interests of the Estonian state, in international investigations on money laundering. The government decided, as foremost an investigative procedure and cooperation in the field of legal assistance is concerned, to give the lead role of representation of Estonia, in such investigations to the Ministry of Justice and the Prosecutor’s Office. The cooperation, in the upcoming months, between Estonia and the USA, will be strengthened even more in the legal field, as an Estonian Judicial Attaché will take up a post in the USA. The 3 million Euro contract with the legal advisor Freeh Sporkin Sullivan LLP in the USA will be terminated.


The Estonian investigative and supervisory institutions confirmed according to the words of the Minister of Finance, Keit Pentus-Rosimannus that they have good and close direct contacts with their partners in the USA and the active cooperation in the field of money laundering investigation is running smoothly. The exchange of information until now, on previous money laundering investigations has taken place as direct communication, between the institutions of the two states and will continue taking place in such fashion.

The capacity of Estonia to represent its interests in the field of justice in the USA is also increasing, as Estonia will send in the upcoming months a judicial attaché to the USA. One of the most important tasks of the attaché will be to represent and defend the interests of the Estonian state, in large money laundering investigations, to also participate in the future distribution of fines, when possible.

The maximum total volume of the legal aid contract signed and terminated today by the decision of the Cabinet was 3 million Euros. The state, to date, has paid the lawyer’s office 581.5 thousand Euros. The financial means that will be released with the termination of the contract, will be directed towards other activities related to the fight against money laundering.

 

Further information:

Erki Peegel

Adviser, Anti-Money Laundering

Ministry of Finance of the Republic of Estonia

+ 372 5165808

 

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