EstoniaThe Council of Europe Group of States Against Corruption published a Fifth Round Evaluation Compliance Report concerning Estonia’s anti-corruption regime for the central government and law enforcement agencies.
The Seimas, Lithuania’s parliament, released a declaration of support for the Belarusian people and condemnation of Belarusian security forces on behalf of the country, the Republic of Estonia, and the Republic of Latvia.
Baltic Nations Ambivalent Over EU-level AML Supervision
Baltic officials on Wednesday showed indifference to the European Union’s push to centralize anti-money laundering regulation, supervision and enforcement in the 27-nation bloc, and at times cast doubt over the initiative’s chances for success.
Danske Bank executives delayed review of Estonian money laundering report, former ABLV owner ceded control to relatives days before confiscation, and more, in the midweek roundup.
Legal Brief: AML Overhaul in the Baltics
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.
| Technical | Effectiveness |
|---|---|
| Compliant : 8 | High : |
| Largely Compliant : 27 | Substantial : |
| Partially Compliant : 12 | Moderate : |
| Non-Compliant : 1 | Low : |
| Not-Applicable : 1 |
| Rank : 141/141 |
| Score : 2.36/10 |
| Rank : 18/180 |
| Score : 74/100 |
| Rank : 121/133 |
| Score : 43/100 |