Estonia's Financial Supervision Authority notifies investigators of suspected criminal activity linked to Planet42

Estonia's Financial Supervision Authority (Finantsinspektsioon) has filed a notification of suspected criminal activity with investigative authorities in connection with the Planet42 case, which it has been following since spring 2025. Management Board Chair Kilvar Kessler said the supervisor responds to suspicions of criminal conduct and cannot tolerate the abuse of trust in the financial sector for criminal purposes, while taking into account other ongoing or potential cases; the authority is not commenting on the alleged offence or the ongoing criminal proceedings. Finantsinspektsioon also pointed to the Penal Code provision that treating credit, insurance or financial services without the required licence is a criminal offence. The authority noted that it does not investigate crimes itself but can support investigators if needed, and that its supervisory remit focuses on the stability, reliability and transparency of the financial sector, primarily monitoring firms it has licensed.