Eesti Firma OÜ is a licensed Trust and Company Service Provider (TCSP) in Estonia. Our licence number is FIU000144; the licence is issued to our parent company, Ühinenud Õigusbürood OÜ, and fully extends to Eesti Firma OÜ. The company’s activities are regulated and supervised by the Financial Intelligence Unit (FIU) of the Republic of Estonia.
In short
As an obliged entity under Estonian and EU anti-money laundering law, Eesti Firma OÜ applies strict Know Your Customer (KYC) and due diligence measures before entering into any business relationship — identifying the client, verifying beneficial owners, checking PEP status, and screening against international sanctions lists. We do not work with clients who cannot be properly verified, and all client information is kept confidential and retained only for as long as the law requires.
Anti-Money Laundering
Anti-money laundering and counter-terrorist financing comprise a set of measures aimed at preventing and stopping illegal activities related to the legalization of criminal proceeds and the financial support of terrorist organizations.
Countering money laundering plays a crucial role in maintaining the stability and transparency of the global financial system. These measures help prevent criminal activities, ensure the legality of financial transactions, and contribute to overall public safety and socio-economic well-being.
General AML/CFT Principles of Eesti Firma OÜ
As a corporate service provider, Eesti Firma OÜ is an obliged entity under the Money Laundering and Terrorist Financing Prevention Act and the International Sanctions Act. This means that when providing services to clients, we strictly adhere to the Know Your Customer (KYC) principle and apply effective due diligence measures.
In our activities, we comply not only with Estonian legislation but also take into account the relevant European Union framework aimed at combating money laundering and terrorist financing. This includes Regulation (EU) 2016/1675 defining high-risk third countries, and the current Anti-Money Laundering Directives — AMLD IV (Directive (EU) 2015/849) and AMLD V (Directive (EU) 2018/843) — as transposed into Estonian law. We also align our procedures with the new EU AML package — AMLR (Regulation (EU) 2024/1624) and AMLD VI (Directive (EU) 2024/1640) — which becomes applicable from July 2027.
With many years of experience in company registration and corporate services in Estonia, our team possesses substantial expertise in AML/CFT matters. We strictly adhere to professional standards and legal requirements in implementing anti-money laundering and counter-terrorist financing measures, with particular emphasis on transparency in our work, safeguarding clients’ financial interests, confidentiality of obtained information, and building client trust.
Key AML/CFT Measures
To ensure an appropriate level of anti-money laundering and counter-terrorist financing compliance, as well as adherence to international sanctions requirements, Eesti Firma OÜ applies, among others, the following procedures:
- identification of the client and their representatives;
- collection of information about the client and their (planned) activities;
- examination of the client’s profile, including their corporate structure and purposes for using our services;
- determining the ultimate beneficial owners (UBOs);
- verification of whether the client is a Politically Exposed Person (PEP);
- screening of the client against international sanctions lists.
Note
Client cooperation is an integral part of our KYC and AML/CFT procedures. Providing complete and accurate information, and being willing to interact with us while we carry out due diligence, makes these measures effective, strengthens mutual trust, and helps create a transparent and secure economic environment.
Internal AML/CFT Procedures
In addition to this public policy, Eesti Firma OÜ has developed and implemented detailed internal rules and procedures to ensure compliance with AML/CFT legal requirements. These internal documents are intended solely for use by company employees and are provided to supervisory authorities upon request. Public access to internal procedures is restricted to protect the confidentiality of our methods and ensure their effective application.
Prohibited Client Types and Business Relationships
Eesti Firma OÜ does not provide services or enter into business relationships with the following persons:
- persons for whom legally required due diligence measures cannot be applied;
- persons for whom there are reasonable suspicions of involvement in money laundering or terrorist financing;
- legal entities where more than 10% of the capital consists of bearer shares;
- where there are reasonable suspicions that the person’s activities are or may be illegal;
- if there is reason to believe the person is acting as a nominee or fictitious entity;
- persons who are citizens of or have close connections with high-risk jurisdictions (the list of such jurisdictions is defined by EU Regulation 2016/1675).
Client Data Retention
In accordance with applicable laws, we are required to retain all information received from clients for the entire duration of the business relationship and for 5 years following its termination. Where required by the supervisory authority, this retention period may be extended in accordance with the law. All collected information is stored securely and confidentially, strictly observing privacy standards, and is not disclosed to any third parties.
Information about Eesti Firma OÜ’s clients may only be disclosed to: (a) the company’s contractual partners exclusively for AML/CFT compliance purposes; (b) governmental authorities in cases provided by law; or (c) pursuant to a legally binding court decision.
Updates and Legal Information
We reserve the right to update or amend this AML/CFT policy at any time to reflect changes in our practices or changes in legal and regulatory requirements. All changes will be published on this page, and the “last updated” date will be adjusted accordingly. We recommend periodically reviewing this document to stay informed about the latest updates.
Contact Information
If you have questions about our policy or the AML/CFT measures we apply, please contact us. We value transparency and are prepared to provide necessary information.
- Company Name: Eesti Firma OÜ
- Registration Code: 14164797
- VAT Number (KMKR): EE102081480
- Activity Licence (TCSP): FIU000144
- Supervisory Authority: Financial Intelligence Unit (Rahapesu Andmebüroo)
- AML Officer: Ilja Nikiforov — responsible for AML/CFT compliance
- Email: info@eestifirma.ee
- Phone: +372 641 7777
- Address: Vesivärava 50-301, 10152 Tallinn, Estonia
We strive to promptly respond to your inquiries and provide comprehensive information on all arising issues.
This AML policy has been developed and approved by the lawyer, co-founder, and internal AML officer of Eesti Firma OÜ – Ilja Nikiforov, who is responsible for monitoring compliance with AML/CFT legislation and implementing best compliance practices within the company’s activities. The provisions of this policy apply to every client of the company without exception. If you have any questions, please contact Eesti Firma’s support team directly.