Finantsinspektsioon fined SEB Pank 20,000 euros for disclosing banking secrets. The bank disclosed the bank account statement of a private person to a third party during bankruptcy proceedings without a legal basis for doing so, and in so doing committed a misdemeanour.
Following the decision of Finantsinspektsioon on 29 June 2020, the deadline for when banks may declare payment moratoriums and accept client applications for them has been extended from 30 June to the end of September.
Finantsinspektsioon and Eesti Pank have together created a new mathematical model for measuring money-laundering risk in the Estonian financial sector to help back its credibility.
Finantsinspektsioon has issued a precept to AS SEB Pank and a fine of one million euros for breaches of the anti-money laundering and terrorist financing systems.
