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

You can claim CPD minutes for reading this article, by signing up to our CPD Wallet

FREE CPD Wallet
No Responses to “Estonia drops anti-money laundering legislation before election”

You must be logged in to post a comment.

This site uses Akismet to reduce spam. Learn how your comment data is processed.