News

Finantsinspektsioon has ended its misdemeanour proceedings against Swedbank to support the criminal case against it

Finantsinspektsioon decided to end its misdemeanour case against Swedbank in order to support the ongoing criminal case started by the state prosecutor and to avoid the risk of there being two cases for the same offence.

The European Banking Authority (EBA) consultation concerning Technical Standards on passport notification

The European Banking Authority (EBA) published 13 November 2019 a Consultation Paper on the draft amended Regulatory Technical Standards (RTS) and Implementing Technical Standards (ITS) on passport notification.

Finantsinspektsioon's explanations of the information published today by SEB Pank

By law, every bank must report transactions that raise suspicions of money laundering to the Financial Intelligence Unit, which then has the legal authority to assess the transactions in greater detail and decide what steps to take next. Finantsinspektsioon does not carry out any criminal procedures nor is it an investigatory authority with such responsibility.

Finantsinspektsioon of Estonia opened sanctioning case with regard to Swedbank AS

On 28 October 2019, Finantsinspektsioon decided to open a misdemeanour case at Swedbank AS, an Estonian subsidiary of the Swedish banking group.

The European Supervisory Authorities (ESAs) consultation concerning amendments to the PRIIPs KID

The European Supervisory Authorities (ESAs) have issued a Consultation Paper on amendments to existing rules underpinning the Key Information Document (KID) for Packaged Retail and Insurance-based Investment Products (PRIIPs).

The liquidation of the Danske Bank A/S Estonian branch has started

Danske Bank A/S started the liquidation of its Estonian branch from 1 October 2019.

Finantsinspektsioon issued a precept on 19 February this year requiring Danske Bank to end the activities of its branch in Estonia. The bank has been complied correctly with the precept issued by the supervisor so far and the majority of its client contracts have been handed over as required.