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Estonia , Saturday 06 June 2020

News Estonia Finance: Phil Sorgen Joins Glia Board

Published on: Monday 30 March 2020
Phil Sorgen Joins Glia Board
News source: https://finance.yahoo.com/news/phil-sorgen-joins-glia-board-211000045.html

Glia, a leading Digital Customer Service platform, announced Microsoft Corporate Vice President Phil Sorgen has joined its Board of Directors effective January 7th, 2020. Sorgen is an expert in driving digital transformation for commercial enterprises.

News Estonia Finance: Opera completes acquisition of Estonia's Pocosys, agrees to take over Pocopay

Published on: Sunday 26 January 2020
Opera completes acquisition of Estonia's Pocosys, agrees to take over Pocopay
News source: https://www.telecompaper.com/news/opera-completes-acquisition-of-estonias-pocosys-agrees-to-take-over-pocopay--1324174

Norwegian-based browser provider Opera Limited said it has completed the acquisition of Estonian-based company Pocosys, and has agreed to take over its sister company Pocopay, which holds a payment ...

News Estonia Finance: UPDATE 1-Estonian FSA drops Swedbank probe, criminal investigation continues

Published on: Monday 18 November 2019
UPDATE 1-Estonian FSA drops Swedbank probe, criminal investigation continues
News source: https://www.cnbc.com/2019/11/18/reuters-america-update-1-estonian-fsa-drops-swedbank-probe-criminal-investigation-continues.html

TALLINN, Nov 18- Estonia's Financial Supervision and Resolution Authority said on Monday it was dropping an investigation into Swedbank's Estonia unit as the probe was now a criminal proceeding being handled by the country's prosecutor. "The Financial Supervision Authority launched a sanction proceeding on October 28 to investigate the signs of money...

News Estonia Finance: Estonian FSA Says Found Signs of Criminal Offence in Swedbank AML Inspection

Published on: Monday 18 November 2019
Estonian FSA Says Found Signs of Criminal Offence in Swedbank AML Inspection
News source: https://www.nytimes.com/reuters/2019/11/18/business/18reuters-europe-moneylaundering-swedbank.html

Estonia's Financial Supervision and Resolution Authority said on Monday it was dropping an investigation into Swedbank's Estonia unit as the probe was now a criminal proceeding being handled by the country's prosecutor.

News Estonia Finance: Estonian Bank Enters Liquidation Over Money Laundering Case

Published on: Monday 30 September 2019
Estonian Bank Enters Liquidation Over Money Laundering Case
News source: https://www.nytimes.com/aponline/2019/10/01/world/europe/ap-eu-estonia-money-laundering.html

Denmark's largest bank says its Estonian branch, which was involved in a 200 billion-euro ($220 billion) money laundering scandal, has entered liquidation after winding down banking activities in the Baltic country.

News Estonia Finance: HK, Estonia sign tax pact

Published on: Wednesday 25 September 2019
HK, Estonia sign tax pact
News source: http://www.news.gov.hk/eng/2019/09/20190926/20190926_103522_505.html

Hong Kong and Estonia signed a comprehensive avoidance of double taxation agreement on September 25. Secretary for Financial Services & the Treasury James Lau penned the deal with Estonia’s Minister ...

News Estonia Finance: Living in Estonia

Published on: Monday 23 September 2019
Living in Estonia
News source: https://www.gov.uk/guidance/living-in-estonia

If there’s no deal, it may become more expensive to use your bank card in Estonia. Read more about using a bank card, insurance or other financial service in the EU. You will need to tell the UK ...

News Estonia Finance: James Lau to visit Sweden, Estonia

Published on: Thursday 19 September 2019
James Lau to visit Sweden, Estonia
News source: http://www.news.gov.hk/eng/2019/09/20190920/20190920_171822_353.html

Secretary for Financial Services & the Treasury James Lau will begin his visit to Stockholm, Sweden, and Tallinn, Estonia, on September 22 to promote Hong Kong’s role as a fintech hub. In Stockholm, ...

News Estonia Finance: Estonia president says far-right minister unfit for job

Published on: Monday 19 August 2019
Estonia president says far-right minister unfit for job
News source: https://news.yahoo.com/estonia-president-says-far-minister-040207423.html

Estonia President Kersti Kaljulaid said on Monday that Finance Minister Martin Helme, one of the leaders of the far-right EKRE party, was unfit to serve in the cabinet, citing Helme's attempt to fire the head of the police force last week. The president’s statement put pressure on Prime Minister

News Estonia Finance: Estonia warns of risks in wake of money laundering scandal

Published on: Monday 24 June 2019
Estonia warns of risks in wake of money laundering scandal
News source: https://news.yahoo.com/estonia-warns-risks-wake-money-144325204.html

Banks in Estonia have not yet plugged all the gaps in their money laundering controls, the Baltic state's regulator told Reuters, pledging to maintain a clampdown in the country at the center of one of Europe's biggest financial scandals. Estonia's efforts to tighten money laundering controls

News Estonia Finance: The Latest: Greece’s left-wing leader concedes election

Published on: Sunday 07 July 2019
The Latest: Greece’s left-wing leader concedes election
News source: https://www.wpri.com/news/us-and-world/the-latest-exit-polls-give-conservative-greek-election-win/

8:25 p.m. Greek Finance Minister Euclid Tsakalotos says the conservative ... to qualify for the rescue loans. TALLINN, Estonia (AP) — Tens of thousands of Estonians joined in singing folk songs Sunday ...

News Estonia Finance: Curious new theory links Bitcoin’s inventor to Estonia

Published on: Saturday 29 June 2019
Curious new theory links Bitcoin’s inventor to Estonia
News source: https://finance.yahoo.com/news/curious-theory-links-bitcoin-inventor-165925739.html

Is it a coincidence that an Estonian startup began testing blockchain in 2008—the same year that the pseudonymous Satoshi Nakamoto published his pioneering Bitcoin white paper? A new theory ...

News Estonia Finance: Adam Rang: E-Residency helping Estonia combat criminality

Published on: Thursday 06 June 2019
Adam Rang: E-Residency helping Estonia combat criminality
News source: https://news.err.ee/949971/adam-rang-e-residency-helping-estonia-combat-criminality

Is it contradictory for Estonia to both welcome e-residence as well as deter nonresident criminals? Adam Rang, an Estonian entrepreneur who formerly worked at Estonia's e-Residency program, argues that one is not possible without the other.

News Estonia Finance: Danske Bank to sell Estonian private loans unit to LHV in $458 million deal

Published on: Sunday 02 June 2019
Danske Bank to sell Estonian private loans unit to LHV in $458 million deal
News source: https://uk.finance.yahoo.com/news/danske-bank-sell-estonian-private-054316079.html

Danske Bank, which is trying to recover from a major money laundering scandal, has agreed to sell its portfolio of Estonian private loans to LHV Pank in a deal worth 410 million euros (£324.1 million), Estonia's LHV said on Monday. Danske Bank has already said it will pull out of the Baltic states

News Estonia Finance: Finance ministry and LHV differ on e-residency money laundering risk

Published on: Wednesday 05 June 2019
Finance ministry and LHV differ on e-residency money laundering risk
News source: https://news.err.ee/949260/finance-ministry-and-lhv-differ-on-e-residency-money-laundering-risk

Measures aimed at combating money laundering in Estonia in the wake of the Danske and Swedbank cases will not impinge on the e-residency program, and vice versa, according to the Ministry of Finance. However, a spokesperson from high street bank LHV did point to such a tension.

News Estonia Finance: Estonian Consulting Firm Claims It’s Harder to Get a Crypto License Following Regulation

Published on: Thursday 16 May 2019
Estonian Consulting Firm Claims It’s Harder to Get a Crypto License Following Regulation
News source: https://finance.yahoo.com/news/estonian-consulting-firm-claims-harder-145400678.html

Estonian consulting firm Eesti Consulting OÜ has claimed that it is getting harder to get a cryptocurrency license in Estonia in a press release published on May 16. The new regulations adds a numbered formal obligation, extends the processing time from 30 to 90 day and establishes the requirement for

News Estonia Finance: LHV intends to acquire the unit of Danske Bank involved with Estonian private loans Tallinn Stock Exchange:LHV1T

Published on: Sunday 02 June 2019
LHV intends to acquire the unit of Danske Bank involved with Estonian private loans Tallinn Stock Exchange:LHV1T
News source: https://menafn.com/1098601278/LHV-intends-to-acquire-the-unit-of-Danske-Bank-involved-with-Estonian-private-loans-Tallinn-Stock-ExchangeLHV1T?src=Rss

In the short term, LHV Pank will finance the added volume of loans with deposits taken from Estonia and foreign markets. The deposits of Estonian clients have grown faster than planned. ...

News Estonia Finance: Opinion: Estonia's border and the price of voters' trust

Published on: Thursday 30 May 2019
Opinion: Estonia's border and the price of voters' trust
News source: https://news.err.ee/947624/opinion-estonia-s-border-and-the-price-of-voters-trust

The Estonian government set a price on the trust of its citizens, slapping a price tag on it of less than half a million euros. This is the savings they hope to achieve by not buying land along the border from its owners, but rather using it via easement, said Mirjam Nutov in a comment on Vikerraadio.