Estonia has made notable progress in strengthening its anti-money laundering (AML) and counter-terrorist financing (CFT) frameworks, according to a recent report by MONEYVAL, the Council of Europe’s AML monitoring body. The organization also highlighted improvements in Estonia’s legal framework for asset freezing.

The report assessed Estonia’s compliance with key recommendations issued by the Financial Action Task Force (FATF), with particular focus on targeted financial sanctions related to terrorism and terrorist financing (Recommendation 6). Additional areas of improvement were identified in sanctions related to proliferation (Recommendation 7) and the provision of guidelines for virtual asset service providers to combat money laundering (Recommendation 15).
The evaluation provided a breakdown of Estonia’s compliance across the FATF’s 40 recommendations. The country is currently rated as:
Compliant (C): on 7 recommendations
Largely Compliant (LC): on 19 recommendations
Partially Compliant (PC): on 14 recommendations
Notably, none of the FATF recommendations were assessed as Non-Compliant (NC).
Despite these advancements, MONEYVAL emphasized that Estonia will remain under its enhanced follow-up process. The organization expects the country to provide an update on further progress by December 2025.
“Estonia remains under MONEYVAL’s enhanced follow-up process. The country is expected to report back on its further progress in strengthening anti-money laundering and combating terrorism financing measures in December 2025,” MONEYVAL stated.
The findings underscore Estonia’s ongoing commitment to aligning with international AML and CFT standards while highlighting areas where further enhancements are necessary.
By fLEXI tEAM
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