Committee of Experts on the Evaluation of Anti-Money Laundering Measures upgrades Estonia to largely compliant on terrorism-related targeted financial sanctions

The Committee of Experts on the Evaluation of Anti-Money Laundering Measures (MONEYVAL) published a follow-up report finding that Estonia has improved its implementation of targeted financial sanctions related to terrorism and terrorist financing, resulting in an upgrade under Financial Action Task Force (FATF) Recommendation 6 from partly compliant to largely compliant. The report concludes that further steps are still needed to reach full or large compliance on the recommendations Estonia requested for review, and Estonia remains under enhanced follow-up. The upgrade reflects Estonia’s expansion of the scope of assets subject to freezing under its terrorism-related targeted financial sanctions framework. Estonia also strengthened its sanctions regime for breaches of national rules implementing proliferation-related targeted financial sanctions (Recommendation 7) and issued guidance and feedback to support virtual asset service providers in applying anti-money laundering and counter-terrorist financing measures (Recommendation 15), but Recommendations 7 and 15 remain rated partially compliant. Overall, Estonia is rated compliant on seven FATF recommendations, largely compliant on nineteen, and partially compliant on fourteen, with none assessed as non-compliant. Estonia is expected to report back on further progress in December 2025.