Peek to AML Risks and Red Flags of the Estonian Crypto Exchanges
Starting from 10.03.2020, virtual currency service providers[1] are treated as ‘Financial Institutions’ in Estonia and are obliged to the same AML/KYC requirements as financial institutions.
[1] Virtual Currency Service provider includes virtual currency wallet services providers and virtual currency exchange service providers.
Reporting suspicious activities by crypto licence holders
The first statistics collected by the Estonian FIU on the duty to report suspicious activities of money laundering and terrorist financing have been made available.