News

2503.25

Finantsinspektsioon tested the systems of financial institutions for applying sanctions

Finantsinspektsioon ran a large-scale test in 2024 to assess the ability of the automatic controls of banks, payment institutions and investment firms to identify people and companies on the sanctions list. Finantsinspektsioon found that the results of the test of the filtering systems were generally good.

2503.25

Finantsinspektsioon hosted a visit by the Finnish financial supervisor

Finantsinspektsioon hosted a visit from Fiva, the Finnish financial supervisor, on 31 January 2025. Visiting from Finland were chair of the board Tero Kurenmaa and management board members Jyri Helenius and Samu Kurri.

2503.25

Complaints submitted to Finantsinspektsioon mainly concerned payment and credit services

There were 374 complaints submitted to Finantsinspektsioon last year about financial services, down from 389 in the previous year. The majority of the complaints concerned payment and credit services.

2503.25

Finantsinspektsioon published almost 900 alerts last year

Finantsinspektsioon published 863 alerts on its website last year about companies operating without a licence in Estonia and elsewhere in the European Union. The alerts help consumers of financial services protect themselves against fraud.

2503.25

Bafin announced it had submitted a bankruptcy application against the insurer ELEMENT Insurance AG

The German financial supervisor Bafin announced it had submitted a bankruptcy application against the insurer ELEMENT Insurance AG. The winding up procedures of the insurer will be applied by German law under §160 of the German insurance supervisory act.

2503.25

Finantsinspektsioon has withdrawn the operating licence as a creditor and mortgage creditor from Kinnistulaen OÜ

Finantsinspektsioon withdrew the operating licence as a creditor and mortgage creditor from Kinnistulaen OÜ (register code 12567781) on 13 January 2025.