Being sure that your company complies with the General Data Protection Regulation (GDPR) in its processes, procedures and policies is a very important aspect in today’s business environment.
Regulatory Compliance Associates offers help to obtain financial service licenses in Estonia for businesses that are interested in being able to offer specific financial services in the Estonian market.
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.
The approach to combating money laundering is in a constant change, which is also true about the laws in Estonia. In May 2021, we hosted a webinar on Anti-Money Reporting in Estonia with our partner ComplyRadar.
Using a company principal service for your Estonian company can save time, money and effort needed to manage your business from abroad. This is because issuing notarized documents to carry out actions locally cannot be performed without visiting Estonia or with an e-Residency card.
Since the introduction of the European Union’s General Data Protection Regulation (GDPR), the need to have a separate Data Protection Officer in Estonia and elsewhere in the EU became evident.
The AML Compliance Academy provides high quality and globally recognized qualifications to professionals, executives, and companies in the areas of anti-money laundering, financial crime, risk & governance, know-your-client (KYC), and customer due diligence (CDD) and which can be obtained completely online.
As you might have read from our summary of the national AML risk assessment report, Estonia is exposing itself to high-risk levels of money laundering activities. Therefore, the local government has been and continues to make regulatory changes to ensure that the local business environment is less susceptible to money laundering.
The financial sector, especially in Estonia, is an area where regulatory changes are being made at quite a fast pace due to innovations like virtual currencies, new ways of financing businesses, and new ways of moving assets.
The money laundering and terrorism financing prevention government committee approved at its scheduled meeting, on 28 April, the national AML risk assessment (NRA) report.