The Estonian Financial Intelligence Unit (FIU) published its annual report covering 2022, highlighting new focus areas in response to Russian military aggression in Ukraine and work surrounding the recovery of illicit revenues.
The Financial Intelligence Unit in Estonia announced that virtual asset services provider Payeer OÜ renounced its license to operate following the identification of anti-money laundering deficiencies by the regulator.
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U.S. and British officials blacklist alleged Hezbollah financier, Silk Road Bitcoin thief sentenced, and more, in the midweek roundup.
Baltic Nations Log Dramatic Increase in Sanctions-Related Reports
Reports of suspected violations or circumventions of EU sanctions against Russia rose tenfold in Estonia and 23-fold in Latvia from 2021 to last year, cementing their status as the frontline of the West’s economic and financial embargo against neighboring Russia.
Weekly Roundup: Zimbabwean Officials Laundering Billions of Dollars, Sanctions Evader Escapes House Arrest in Italy, and More
The Estonian Financial Intelligence Unit, Finantsinspektsioon, withdrew the operating licence of the Tallinn, Estonia based financial institution for serious breaches of anti-money laundering and terrorist financing requirements.
|Compliant : 7||High : 0|
|Largely Compliant : 18||Substantial : 3|
|Partially Compliant : 15||Moderate : 8|
|Non-Compliant : 0||Low : 0|
|Rank : 141/141|
|Score : 2.36/10|
|Rank : 17/179|
|Score : 75/100|
|Rank : 121/133|
|Score : 43/100|