ESTONIA: FIU REPORTS – RISK ASSESSMENT OF VIRTUAL CURRENCY, CSP AND NON-PROFITS SECTORS ETC

On 7 June, the Baltic Times reported that the risk of money laundering and terrorist financing is moderate in the country.  However, the FIU highlighted the sector of virtual currency service providers as the sector with the greatest risk and realised examples. Last year, the FIU received more than 16,600 SAR, which is twice as many as in 2020.

https://www.baltictimes.com/fiu__risk_of_money_laundering__terrorist_financing_moderate_in_estonia/

https://www.fiu.ee/en/news/survey-confirms-high-risk-money-laundering-sector-virtual-asset-service-providers

https://fiu.ee/en/media/194/download

Overview of the foreign inquiries and spontaneous information disclosures made by the FIU and law enforcement agencies of other countries to the Estonian FIU in 2021

file:///C:/Users/admin/Downloads/2021%20Financial%20Intelligence%20Unit%20Annual%20Overview%20of%20International%20Cooperation_0.pdf

Overview of the non-profit sector at higher risk

file:///C:/Users/admin/Downloads/OVERVIEW%20OF%20THE%20NP%20SECTOR%20AT%20A%20HIGHER%20RISK%20OF%20TERRORIST%20FINANCING_2022.pdf

Money laundering risks involving CSP

file:///C:/Users/admin/Downloads/RAB%20%C3%A4ri%C3%BChinguteenuse%20pakkujate%20uuring_avalik_EN_v2.pdf

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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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