Estonia drops anti-money laundering legislation before election
14 Feb 2019

Estonia’s parliament has dropped a proposed law that would have toughen rules on money-laundering, a parliamentary spokeswoman said on Wednesday.

Lawmakers told Reuters they expect the proposal, drafted after a scandal involving Denmark’s Danske Bank, to be revived later this year following a March 3 general election.

“The current parliament will not discuss this topic further,” the spokeswoman said.

Anti-money-laundering laws have been under scrutiny since Danske Bank said last year that 200 billion euros ($226 billion) of payments, many of which it described as “suspicious”, had been moved through its Estonian branch between 2007 and 2015.

– By Tarmo Virk, Reuters, 13 February 2019.

Link to Reuters

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