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Money laundering rules revised

14.02.2008

A new Money Laundering and Terrorist Financing Prevention Act came into force on 28 January 2008. By the new Act, directive 2005/60/EC on the prevention of the use of the financial system for the purpose of money laundering and terrorist financing was transposed into Estonian law. The 40 Recommendations and 9 Special Recommendations on Terrorist Financing adopted by the Financial Action Task Force were also taken into account when drafting the new Act.

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