News

0109.21

Finantsinspektsioon and the Financial Intelligence Unit have signed a new cooperation agreement

Finantsinspektsioon and the Financial Intelligence Unit have signed an agreement detailing the cooperation between the two institutions on preventing money laundering and terrorism financing and the circumvention of international financial sanctions.

3108.21

Finantsinspektsioon has monitored the preparations by Pensionikeskus for pension payouts

Pensionikeskus has confirmed that people who had applied by the end of March to leave the second pension pillar will get their money in September. Finantsinspektsioon calculates that the pension funds have sufficient funds to make the payouts. Pensionikeskus has confirmed to Finantsinspektsioon that its IT systems will be able to handle all the withdrawals.

2408.21

The Baltic supervisory authorities are instructing Luminor to improve its anti-money laundering systems

The Estonian, Latvian and Lithuanian supervisory authorities, as a result of coordinated effort, consider that Luminor’s anti-money laundering systems and internal rules need improvement. 

2207.21

Finantsinspektsioon has started to publish investor alert warning notifications again

Alerts about businesses operating in financial markets that are reasonably suspected of illegal activity will again be published on the Finantsinspektsioon website from today.

2007.21

Finantsinspektsioon has prohibited AS Cresco Väärtpaberid from providing investment services to new clients

Finantsinspektsioon prohibited AS Cresco Väärtpaberid (registry code 10093327) from creating new client relationships and providing investment services and services related to investment services to new clients. Finantsinspektsioon took the decision because Cresco has not published its annual financial reports for 2019 and 2020 and the associated documentation as required.

1307.21

Luminor has passed the assessment by the European Central Bank

The European Central Bank working with Finantsinspektsioon carried out a comprehensive assessment of Luminor Bank AS that found both the quality of the assets of the bank and its capitalisation to be good.