On March 10ᵗʰ 2020 the updated Estonian AML law came into force, which affects all companies holding crypto licenses (e.g. exchange and/or wallet license) in Estonia and all new license applications. These amendments also apply to companies holding the financial institution license. Any company holding the licenses in Estonia should begin arranging compliance as soon as possible!
The deadline for all Estonian companies holding the crypto license(s) to comply with the new regulations is latest by July 1st 2020 (or the licenses will be revoked). It is the companies responsibility to submit all necessary documentation to the regulator FIU and comply with the new requirements. Our team is available to provide full assistance for compliance with the new regulations.