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18.02.2021|Ministry of Finance

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

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...
03.02.2021|Ministry of Finance

The government committee approved the supplemented Moneyval Action Plan

The Government Anti-Money Laundering Commission, on Tuesday 2 February, approved at its regularly scheduled meeting, the supplemented action plan for the preparation of the Moneyval evaluation. The Government Commission also received an operational overview of the activities of the Financial...
04.01.2021|Ministry of Finance

The Estonian Financial Intelligence Unit faces rapid expansion

On 1 January, the Financial Intelligence Unit (FIU) of Estonia started functioning as an independent institution under the jurisdiction of the Ministry of Finance. Effective prevention of money laundering is very important for the Estonian government and the given field requires greater attention...
11.12.2020|Ministry of Finance

Government AML commission: virtual currency service providers need heightened attention

The Government Anti-Money Laundering Commission has discussed in detail the issue of virtual currency service providers and the future of the Estonian Financial Intelligence Unit (FIU) as an independent agency subordinate to the Ministry of Finance. Mr Veiko Tali, the secretary-general of the...
03.07.2020|Ministry of Finance

Estonia signs an agreement with Freeh Sporkin & Sullivan for advice on investigations into past AML cases

Martin Helme, Minister of Finance of Estonia, has signed an agreement with the US law firm Freeh Sporkin & Sullivan for legal advice and representation in the United States in connection with international investigations into past AML breaches.  The law firm will be a partner for the...
18.06.2020|Ministry of Finance

Estonia fully transposes the European Union money laundering directives

The Parliament of Estonia yesterday approved the amendments to the Money Laundering and Terrorist Financing Prevention Act, which significantly enhances the current possibilities for the prevention of money laundering. The approved amendments improve the definition of money laundering, provide...
18.06.2020|Ministry of Finance

The fight against money laundering is centred within the jurisdiction of the Ministry of Finance

The amendments of the Money Laundering and Terrorist Financing Act, passed yesterday by the Riigikogu, brings the Financial Intelligence Unit, which until now has been a part of the Police and Border Guard Board, under the administration of the Ministry of Finance, as an autonomous institution. The...
02.06.2020|Ministry of Finance

Financial Intelligence Unit to become a separate institution

As agreed by the government coalition, the Financial Intelligence Unit (FIU), currently a part of the Police and Border Guard Board, is to become a separate institution in the area of government of the Ministry of Finance.  Minister of Finance Martin Helme on has presented the Finance...
06.02.2020|Ministry of Finance

The Government Committee on the Prevention of Money Laundering approved the Moneyval Action Plan

The meeting of the Government Committee on the Prevention of Money Laundering and Terrorism Financing, held on Tuesday, 4th of February, approved the action plan for the preparation of the Moneyval evaluation. In the fall of the year 2021, Estonia faces a new evaluation by Moneyval - the Council...
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...

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