AML - anti-money laundering

Business service in Estonia - registration, licensing, compliance, management, GDPR/DPO, AML/KYC, Sanctions Screening Specialist for VASP/CASP, B2B. Remote.

Open to work Konstantin Zahharov, ID: 35305100314, CEO in ESTOEST OÜ, reg. nr. 11487364 — Estonian companies registration, licensing, management, liquidation, "Financial services, Service of trust funds and companies FIU000286" https://mtr.ttja.ee/taotluse_tulemus/496549, outsourcing "Labour mediation STT0007332", outstaffing "Mediation of rental workforce STR001616" licenses, GDPR, DPO, CDD, KYC, AML, Sanctions Screening, contact person for Estonian Business Registry, Tax and Customs Board, The Data Protection Inspectorate, Financial Intelligence Unit.
CASP/VASP's (virtual assets service providers) Start-Up's registration, licensing, management, "Combating money laundering and terrorist financing for the virtual currency service providers" license.
English, Ukrainian, Finnish to Russian and Estonian, Russian to Estonian Vice Versa translation and localization - account - https://smartcat.com/ - [email protected].

Countries with a Higher Risk of Terrorist Financing_Appendix to the Guidelines_18.09.2024.pdf

Open to work Konstantin Zahharov, ID: 35305100314, CEO in ESTOEST OÜ, reg. nr. 11487364 — Estonian companies registration, licensing, management, liquidation, "Financial services, Service of trust funds and companies FIU000286" https://mtr.ttja.ee/taotluse_tulemus/496549, outsourcing "Labour mediation STT0007332", outstaffing "Mediation of rental workforce STR001616" licenses, GDPR, DPO, CDD, KYC, AML, Sanctions Screening, contact person for Estonian Business Registry, Tax and Customs Board, The Data Protection Inspectorate, Financial Intelligence Unit.
CASP/VASP's (virtual assets service providers) Start-Up's registration, licensing, management, "Combating money laundering and terrorist financing for the virtual currency service providers" license.
English, Ukrainian, Finnish to Russian and Estonian, Russian to Estonian Vice Versa translation and localization.

I identify as Ukrainian by birthplace, Jewish by mother, Russian by mother tongue, living in Estonia since 1961. I have been working in business services for 30 years, but because of sanctions against Russia, and Belarus, and a war in Ukraine, where my clients were from, my business of registering, licensing, and liquidating companies in Estonia has fallen.

https://www.linkedin.com/in/konstantin-zahharov-425a1527b/
https://www.linkedin.com/in/konstantin-zahharov-a14187285
https://www.facebook.com/konstantin.zahharov
https://estoest.wordpress.com/
+372 56308846
[email protected]
[email protected]
Telegram https://t.me/KonstantinZahharov

Konstantin Zahharov Compliance Superviser - AML, DPO, KYC, Sanctions Screening in Estonia

https://rmp.geenius.ee/koolituskalender/%D1%81%D0%BF%D0%B5%D1%86%D0%B8%D0%B0%D0%BB%D0%B8%D1%81%D1%82-%D0%BA%D0%BE%D0%BC%D0%BF%D0%BB%D0%B0%D0%B5%D0%BD%D1%81-compliance-officer-2024-03-28/

Специалист комплаенс/Compliance Officer | RMP Специалист комплаенс/Compliance Officer | RMP

Information on obtaining an activity permit
In order to obtain an activity license, it is first necessary to establish the company's internal rules, develop a KYC/AML policy and analyze the risks related to the activities of both customers and the service provider. These rules must comply with the directive prescribed by the Money Laundering and Terrorist Financing Act, both from the point of view of European legislation and the Estonian Financial Supervision Authority.
Once the documents have been drawn up and agreed with the client, the application is submitted to the Financial Supervision Authority. The deadline for reviewing the application is up to 120 calendar days from the date of submission of the application. In some cases, this deadline can be extended. When submitting an application, an activity permit fee of 10,000 euros must be paid. We will assist you in obtaining these licenses for your business.
Steps for obtaining a cryptocurrency license in Estonia
Establishment of a company
The first step is establishing a company in Estonia. To do this, you need to register with the Estonian Business Register and get an address registered in Estonia.
Legal address
One of the requirements for obtaining a cryptocurrency license in Estonia is that the company must have a legal address. This means that the company must have a physical address in Estonia, where it can carry out its business activities and receive mail.
Share capital
The next step is to ensure that the company has the minimum share capital:
• 100,000 euros for virtual currency exchange services where virtual currencies are exchanged for money, other virtual currencies or vice versa.
• 250,000 euros for virtual currency transfer services, if the transactions take place partially or fully electronically through a virtual currency provider.
KYC/AML
KYC (Know Your Customer) and AML (Anti-Money Laundering) are important components of the cryptocurrency business license application process in Estonia. The aim of these regulations is to ensure that virtual currency providers operate as transparently, responsibly and securely as possible and to prevent money laundering and terrorist financing.
As part of the application process, virtual currency providers must have internal anti-money laundering and anti-terrorist financing procedures in place to identify, monitor and report suspicious transactions to the Financial Intelligence Unit (FIU). This includes identifying and verifying the identity of customers, monitoring transactions and performing due diligence on high-risk customers.
It is important for virtual currency providers to have solid and effective KYC/AML policies and procedures in place to ensure compliance with Estonian legislation and protect their customers from fraud. Failure to comply with KYC/AML requirements may result in penalties and license revocation.
Personnel
In order to obtain a cryptocurrency operating license in Estonia, the board of the company must be a resident of Estonia. In addition, all board members must have a higher education and have the necessary skills and experience to successfully manage the company. In addition, board members and shareholders must have an impeccable business reputation and a clean criminal record.
These staffing requirements ensure that the company is run by qualified individuals with a track record of success and integrity, which is essential to building trust with customers and regulators.
Business plan
A business plan should describe the company's goals and strategies for success in the cryptocurrency industry. It should also include a market analysis describing the current state of the industry, potential competitors and target customers. In addition, the plan should describe the company's marketing strategy and determine the methods used to promote the company and attract customers.
Financial forecasts
The financial forecast should contain a detailed forecast of the company's income and expenses for the next 1-3 years. It should include a revenue forecast, an expense forecast and a cash flow forecast. The forecast should also include a breakdown of revenue sources such as service fees, transaction commissions and other revenue sources.
Internal and external auditor
Another important requirement for obtaining a cryptocurrency business license in Estonia is the appointment of the company's internal and external auditor. The internal auditor is responsible for monitoring and evaluating the company's internal control systems, financial reporting and compliance with relevant laws and regulations. An external auditor, on the other hand, is an independent professional who reviews a company's financial statements and reports and issues an opinion on them.
Internal and external auditors must be qualified and independent persons or companies that are not directly involved in the day-to-day operations of the company. They must comply with relevant rules and standards, such as international auditing standards and the Estonian Auditing Act.
By appointing an internal and external auditor, the company demonstrates its commitment to maintaining high standards of financial management and transparency. It also helps to ensure that the company's financial statements are reliable, accurate and free of material errors, which is important for building trust with customers and stakeholders.
Accounting
Accounting is a very important aspect for any business, including cryptocurrency service providers. In order to comply with Estonian legal regulations and maintain the integrity of financial documents, proper accounting practices must be followed. It is important that all financial transactions related to the virtual currency business are recorded accurately and in a timely manner.
Cryptocurrency service providers must keep accounting records in Estonia that comply with the Estonian Accounting Act. This includes keeping all transactions, financial statements and other relevant documents. It is also important to ensure that the accounting system used is reliable and secure.
Own funds
In order to meet the requirements for obtaining a cryptocurrency operating license in Estonia, the company must have sufficient own funds. The company must be able to prove to the authorities that it has sufficient financial resources to carry out its activities in the near future.
This means that the company must have a strong financial position and sufficient liquidity. The company's financial statements must be neat and up-to-date, and the company must have a clear plan for how to generate revenue in the future.
In addition, the company's accountant must conduct monthly audits to ensure that the company continues to have sufficient equity capital to meet licensing requirements. If the accountant identifies any issues or problems, the management of the company must deal with them immediately.
It is important to note that failure to meet capital adequacy requirements may result in the cancellation of a company's cryptocurrency license, which may have serious consequences for the company's operations and reputation. Therefore, it is very important for companies applying for a cryptocurrency license in Estonia to manage their finances carefully and maintain a strong financial position.
Review process
The Financial Intelligence Unit reviews the application and performs a due diligence check on the company and its employees. The review process takes up to 120 days.
Obtaining an activity permit
If the FIU approves the application, the company will receive a cryptocurrency license, which will allow it to operate legally in Estonia.
We have years of experience in helping our clients with the complex process of obtaining a cryptocurrency license in Estonia. From preparing the necessary documents to meeting regulatory requirements, our team of experts can guide you every step of the way. We understand the importance of compliance and work with you to ensure that all requirements are met at the highest level. Contact us today to learn more about how we can help you get your cryptocurrency license in Estonia.
Service
Price
Preparation of activity permit documents
€10,000
State tax (VAT not included)
€10,000
Legal address (six)
from €350
Legal support (per hour)
180€
Recruitment assistance
Depending on the position

All prices are quoted without local VAT of 20%, which is applied in accordance with Directive 2006/112/EC, if the recipient of the service is a natural person, Estonian or European Union legal entity who does not have a valid VAT registration number.

https://fiu.ee/videopohine-infotund-kontaktisikutele

Videopõhine infotund kontaktisikutele Infotund on salvestatud 23. septembril 2024.

Open to work Konstantin Zahharov, ID: 35305100314, CEO in ESTOEST OÜ, reg. nr. 11487364 — Estonian companies registration, licensing, management, liquidation, "Financial services, Service of trust funds and companies FIU000286" https://mtr.ttja.ee/taotluse_tulemus/496549, outsourcing "Labour mediation STT0007332", outstaffing "Mediation of rental workforce STR001616" licenses, GDPR, DPO, CDD, KYC, AML, Sanctions Screening, contact person for Estonian Business Registry, Tax and Customs Board, The Data Protection Inspectorate, Financial Intelligence Unit.
CASP/VASP's (virtual currensy/assets service providers) Start-Up's registration, licensing, management, "Combating money laundering and terrorist financing for the virtual currency service providers" license.
English, Ukrainian, Finnish to Russian and Estonian, Russian to Estonian Vice Versa translation and localization.
I identify as Ukrainian by birthplace, Jewish by mother, Russian by mother tongue, living in Estonia since 1961. I have been working in business services for 30 years, but because of sanctions against Russia, and Belarus, and a war in Ukraine, where my clients were from, my business of registering, licensing, and liquidating companies in Estonia has fallen.

Business service in Estonia - registration, licensing, management, GDPR/DPO, AML/KYC, Sanctions Screening Specialist compliance for VASP/CASP, B2B. Remote.
https://www.linkedin.com/in/konstantin-zahharov-425a1527b/

https://www-eba-europa-eu.translate.goog/activities/direct-supervision-and-oversight/digital-operational-resilience-act/preparation-dora-application?_x_tr_sl=en&_x_tr_tl=ru&_x_tr_hl=ru&_x_tr_pto=rq

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