Compliance Training in Estonia

Having extensive knowledge and experience in AML processes and procedures, GDPR and other areas of the Estonian law has provided us with the opportunity to offer compliance training in Estonia to numerous compliance officers and professionals in the FinTech industry. Among these people we have trained are team members and high-level professionals of companies that have been licenced by the Estonian authorities and are under constant supervision by the local authorities.

Anti-Money Laundering (AML) and Know-Your-Client (KYC) Training for Obtaining an Estonian Financial Activity Service License

There are numerous activities in the Estonian financial sector which require authorization and licensing by the Estonian Financial Intelligence Unit (FIU) or by the Estonian Financial Supervision Authority (FSA).

Financial activities which require licensing in Estonia:

  • Operating as a financial institution
  • Trust and company services
  • Pawnbroker’s services
  • Virtual currency services
  • Purchase or wholesale of precious metals, articles of precious metals or precious stones

To successfully obtain licenses, each company must comply with the Estonian Money Laundering and Terrorist Financing Prevention Act. The Estonian AML law has several prerequisites that each company and their board members must follow and have a defined KYC understanding to be able to identify, report and lower the company’s risk regarding money laundering.

During the training process, we will teach the aspects of the Estonian AML law which each licensed entity must follow before, during and after they are obtaining their licenses. We help to define and outline the internal policies which must be set in place by the company, so the business stays compliant with the local laws and international standards in KYC.

Once the training is complete, one will have enough knowledge and information regarding AML and KYC requirements that they can successfully gather, analyze, and put together the relevant information towards obtaining their financial activity license for an Estonian company.

General Data Protection Regulation (GDPR) Training for a Data Protection Officer (DPO)