On 1 January, the Financial Intelligence Unit (FIU) of Estonia started functioning as an independent institution under the jurisdiction of the Ministry of Finance.

The Parliament of Estonia yesterday approved the amendments to the Money Laundering and Terrorist Financing Prevention Act, which significantly enhances the current possibilities for the prevention of money laundering.

The Government Anti-Money Laundering Commission has discussed in detail the issue of virtual currency service providers and the future of the Estonian Financial Intelligence Unit (FIU) as an independent agency subordinate to the Ministry of Finance.