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The Riigikogu passed with 74 votes in favour the Act the aim of which is to prevent the Estonian financial system and economic space from being used for money laundering and terrorist financing.

The Money Laundering and Terrorist Financing Prevention Act (459 SE), initiated by the Government, regulates the principles for the assessment, management and mitigation of risks related to money laundering and financing of terrorism. In addition to that, changes are provided for to the range of services of the commercial register. In the future, legal persons will be able to keep the data of their beneficial owners and other persons will be able to view these data electronically through the commercial register. In addition, the transmitting of information on bank and payment accounts to the competent authorities is regulated.

The Riigikogu passed with 67 votes in favour the Act on Amendments to the Insurance Activities Act and Amendments to Other Associated Acts (429 SE), initiated by the Government. Six members of the Riigikogu voted against. The Act transposes the European Union directive regulating the requirements for insurance distribution. The aim of the directive is to harmonise the requirements for insurance distribution in different insurance sales channels in order to ensure the protection of customers. The Act obligates insurance undertakings for the first time to write down the stages of the manufacturing of insurance product and placing it on the insurance market. The Act amends the regulation of sales requirements for cases where insurance is offered together with other products or services. The Act also amends the requirements for the content of the information provided to the customer on insurance.

One Bill passed the first reading in the Riigikogu

The aim of the Bill on Amendments to the Labour Market Services and Benefits Act (479 SE), initiated by the Social Affairs Committee, is to eliminate the conflict with the Constitution in the conditions under which managers of companies can be registered as unemployed and receive the unemployment insurance benefit. The Bill provides for the specifications of the conditions under which a manager of a company who has lost his or her principal job can be registered as unemployed, in order to enable him or her to receive help in finding a new job, and to receive the unemployment insurance benefit or the unemployment allowance while looking for work. For the purposes of equal treatment of persons connected with a company who have lost their jobs, the Bill will also change the conditions under which a sole proprietor and the spouse participating in the activity of his or her enterprise can be registered as unemployed.

During the debate, Krista Aru and Tarmo Kruusimäe took the floor on behalf of the factions and presented their positions.

The Riigikogu passed a Resolution

The Riigikogu passed the Resolution of the Riigikogu “Amendment of the Resolution of the Riigikogu “Formation of the Estonian Delegation to the Republic of Estonia, the Republic of Latvia and the Republic of Lithuania Interparliamentary Assembly”” (526 OE), submitted by the Foreign Affairs Committee. Under the Resolution, Olga Ivanova and Aivar Kokk are excluded from the membership of the delegation, and Urve Tiidus and Sven Sester are appointed as members of the delegation. 70 members of the Riigikogu voted in favour of the Resolution.

Verbatim record of the sitting (in Estonian) 

Video recordings of the sittings of the Riigikogu can be viewed at https://www.youtube.com/riigikogu

(NB! The recording will be uploaded with a delay.)

Riigikogu Press Service
Eva Vahur
631 6592, 53300619
[email protected]
Questions: [email protected]