We are highlighting three major changes concerning the collection of and access to the data of beneficial owners (BO) in accordance with amendments to the Money Laundering and Terrorist Financing Prevention Act (MLTFPA) which entered into force on 7 March 2022. Read more
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In September 2021, the Financial Supervision Authority twice fined undertakings who failed to notify the supervisory authority of their intention to acquire an indirect qualifying holding in an Estonian investment firm. The undertakings violated the requirements of subsection 73 (1) of the Securities Market Act. Read more
Riigikogu has finished the first reading of new draft Money Laundering and Terrorist Financing Prevention Act (MoneyLPA) and draft State Fees Act Amendment Act (8 SE I), which should be considered by so-called cryptocurrency undertakings authorised to operate in the area of providing services of exchanging a virtual currency against a flat currency or providing Read more
Foreign activities are becoming more and more “routine business” for Estonian entrepreneurs. Hopefully such trend will intensify even more. This also means, however, that the contacts with foreign law become more frequent. Read more