Finantsinspektsioon has fined AS Wallester

06/10/2020

News

Finantsinspektsioon fined the payment institution Wallester AS 10,000 euros for not giving Finantsinspektsioon sufficient notice of the appointment of a member of the management board.

Wallester AS was in breach of the Payment Institutions and E-money Institutions Act § 48 (4). A legal entity may be fined up to 32,000 euros for refusing to submit reports, documents, explanations or other information or data, or if it submits them incorrectly, late or only partially, or if the information is submitted in the form that does not permit supervision.

This information is disclosed by Finantsinspektsioon under § 54 (5) of the Financial Supervision Authority Act.

More news

1005.23

Estateguru was granted an operating authorisation as a provider of crowdfunding services

8 May, Finantsinspektsioon issued authorisation to Estateguru OÜ to operate as a provider of crowdfunding services, giving it the right to provide loan mediation.

1005.23

Debt counselling seminar

Finantsinspektsioon is inviting everyone closely involved in the work of debt counsellors to a seminar on 4 May that will discuss the rights of debtors and their psychological dilemmas, new financial services, and the role of the Consumer Protection and Technical Regulatory Authority in helping d

1005.23

Finantsinspektsioon issued a precept to Holm Bank AS

Finantsinspektsioon issued a precept to Holm Bank AS (registry code 14080830) on 2 May requiring the bank to remedy deficiencies identified during an onsite inspection.

1005.23

Kilvar Kessler praised the digitalisation of the Estonia financial sector at the EUROFI seminar

trength of the financial sector in the Baltic and Nordic regions is the high level of digitalisation, said Chair of the Finantsinspektsioon Management Board Kilvar Kessler at the EUROFI seminar in Stockholm.