News

1704.19

Finantsinspektsioon has not breached Union law, continues its successful work on AML

The European Banking Authority (EBA) has closed its investigation into a possible breach of Union law by the Estonian Financial Supervision and Resolution Authority (Finantsinspektsioon) and the Danish Financial Services Authority (Finanstilsynet) in connection with money laundering activities linked to Danske Bank and its Estonian branch in particular.

1004.19

News

The risks associated with serving non-residents have declined in the Estonian financial sector

Finantsinspektsioon carried out extraordinary anti-money laundering inspections at all the banks and branches of foreign banks operating in Estonia in late 2018 and early 2019.

2803.19

News

Finantsinspektsioon published an overview of the Estonian financial sector in Q3 2018

The situation of the Estonian financial sector in Q3 2018 was strong. The banks operating here are well-capitalised and liquid. The quality of the loans granted by the banks is high. In spite of a slight drop, the profitability of banks remained at a good level in Q3 with a total of 73 million euros of profit earned. The return on equity of banks was 9.6%.

2802.19

News

Berg and Kessler jointly emphasize cooperation in cross-border AML cases

On February 27, 2019, the Director General of Finanstilsynet of Denmark, Mr. Jesper Berg, and the Chairman of Finantsinspektsioon of Estonia, Mr. Kilvar Kessler, met in Tallinn to discuss events with regard to antimoney-laundering (AML), as well as recent media exchanges.

2102.19

News

Joint statement by the Estonian and Swedish Financial Supervisory Authorities

Eesti Finantsinspektioon (the Estonian FSA) and Finansinspektionen (the Swedish FSA) consider the reports regarding suspected money laundering that yesterday were made public on Swedish television (SVT) to be very serious.

2002.19

News

Finantsinspektsioon clarifies the partial disclosure by the Danish Financial Supervisory Authority concerning its independent full right to carry out onsite inspection in the Danske Bank Estonia Branch, and invites the DFSA to consider a full disclosure

The Danish Financial Supervisory Authority today issued a press release saying that the Danish Ministry of Industry, Business and Financial Affairs has sent the Danish Parliament two documents from the historical correspondence with Finantsinspektsioon, the Estonian Financial Supervisory Authority, on the AML supervision of Danske Bank’s Estonian branch.