Estonia won an endorsement from European anti-money laundering inspectors following a two-year probe that risked being derailed by the Baltic nation’s foray into the crypto industry.
The Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism, known as Moneyval, said in a report that Estonia has sufficient measures in place to identify risk. Estonian officials had feared landing on Moneyval’s “grey list,” which requires nations to put measures in place to combat money laundering and illicit financing.
“Estonia has taken steps since its last evaluation to remedy the deficiencies identified during that process,” ...
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