News
03.05.2019|Ministry of Finance
The granting of virtual currency activity licences is set to become tougher under the new bill
The government approved a bill to toughen the regulation on granting virtual currency activity licences to service providers active in the sale and purchase of virtual currencies or who provide virtual currency wallet services.
The Minister of Finance, Martin Helme, called this a significant step...
02.05.2019|Ministry of Finance
Minister of Finance: The key to preventing money laundering is a thorough grasp of the risks
At its meeting today, the AML/CFT Committee (the Anti-Money Laundering Government Committee, and the Countering the Financing of Terrorism Committee) approved a broad national risk assessment methodology to be introduced by summer 2020.
According to the Minister of Finance Martin Helme, the...
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...