News

3110.23

Finantsinspektsioon has withdrawn the authorisations from AB Kreditex AS and Ühisraha OÜ

Finantsinspektsioon today withdrew the authorisation from AB Kreditex AS (register code 12041659) as a creditor and mortgage lender with the right to provide consultation, and the authorisation from Ühisraha OÜ (register code 11948363) as a credit intermediary and mortgage intermediary.

1910.23

Finantsinspektsioon fined AS LHV Pank almost a million euros

Finantsinspektsioon identified shortcomings at AS LHV Pank (registry code 10539549) in the compliance with the anti-money laundering and terrorist financing requirements when providing correspondence banking services, and so it issued a precept requiring the bank to remedy the shortcomings and a fine of 900,000 euros for the misdemeanour identified.

1910.23

The IMF has published a large-scale report on the fight against money laundering in the Nordic and Baltic countries

The International Monetary Fund (IMF) today published a large-scale analysis that will contribute to the fight against money laundering in the Nordic and Baltic countries. The IMF considered that Estonia’s efforts to tackle money-laundering are sufficient, and praised the exchange of information between the supervisory authorities in the region in their anti-money laundering work.

1910.23

Kilvar Kessler tells the Riigikogu it is time to adopt solutions that work in Europe

There are several bottlenecks in Estonian laws that prevent the financial supervisors from testing compliance with the principles of responsible lending, said Kilvar Kessler, chair of the board of Finantsinspektsioon, at a public session of the State Budget Control Select Committee of the Riigikogu.

1910.23

Monemon AS was granted an authorisation as an e-money institution

Finantsinspektsioon issued authorisation to operate as an e-money institution to Monemon AS on 9 October.

1910.23

Finantsinspektsioon issued a precept to Inbank AS

Finantsinspektsioon issued a precept to Inbank AS (registry code 12001988) on 9 October requiring the bank to remedy deficiencies identified during an on-site inspection.