The eight countries of the Nordic-Baltic Constituency of the International Monetary Fund (IMF) have taken the initiative to engage the IMF to conduct a regional analysis of money laundering (ML) and terrorist financing (TF) threats and vulnerabilities.
In the context of a voluntary... more
The seminar on Tuesday led by Eesti Pank discussed how to fight more effectively against money laundering while keeping banking services accessible for businesses.
The first part of the seminar focused on how money laundering may impact security, economic policy and financial supervision... more
The precept and fine issued by Finantsinspektsioon to SEB Pank on Thursday illustrated the need for banks in Estonia to develop their know-your-client systems to make them smarter.
“It is unfortunate that despite the efforts that banks in Estonia have made in recent years to deal more... more
The precept issued by Finantsinspektsioon on Thursday shows that although Swedbank has invested in the fight against money laundering, it has not been successful enough in preventing it. Nevertheless, the banks in Estonia have taken some successful steps under the anti-money laundering rules in... more