Technical Support Instrument (TSI) Project on: “Strengthening of Estonian anti-money laundering framework”

Within the framework of the 2021 CoE/EU Technical Support Instrument (TSI) envelope, the Economic Crime and Cooperation Division is assisting Estonian authorities to enhance the effectiveness of the AML/CFT framework, to ensure that the Estonian financial system is stable and not subject to illegal activities. The project begun on 18 June 2021 and will last for 24 months. Through tailored activities, the project seeks to contribute to:

  • Enhancing the legal framework for the functioning of the FIU;
  • Strengthening capacities of the FIU to produce strategic analysis reports and detect ML/TF trends and patterns.

Areas of specific focus include the review of the legal framework relevant for the functioning of the FIU, development of operational protocol for the strategic analysis function, guidance on different solutions for the strategic analysis function and for the development of an IT tool.

The total project budget is 388,889 Euros. The project was funded by the European Union via the Structural Reform Support Programme and implemented by the Council of Europe - Economic Crime and Cooperation Division, in cooperation with the European Commission.

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