Licensed and regulated companies
AML/CFT internal rules, risk assessment and procedures
AML/CFT internal rules, the business-wide risk assessment and the procedures of a payment, e-money or gambling licence applicant.
In short
AML/CFT internal rules, the business-wide risk assessment and the procedures of a payment, e-money or gambling licence applicant. The price is from €3,200, excluding VAT. How long it takes: usually within 7 working days after we have received the necessary information. It is ordered and paid on micaconsult.com.
Who it is for
Applicants for a payment institution, EMI or gambling licence.
Price
| Service | Price | Order |
|---|---|---|
| AML/CFT internal rules, risk assessment and procedures | from €3,200 | Order |
All prices are in euros and exclude VAT. VAT is added where it applies under the Estonian Value Added Tax Act.
What the price includes
- Business-wide AML/CFT risk assessment (RahaPTS § 34)
- AML/CFT internal rules and procedures: CDD, EDD, PEP and sanctions screening, monitoring, reporting to the FIU, record keeping, training
- Customer risk scoring methodology
- Travel Rule procedure where transfers of funds or crypto-assets are made
- Internal rules of procedure
- Risk assessment and risk appetite
- Customer due diligence and reporting procedures
Not included in the price
- Implementation and staff training
- Screening software
State and notary fees
State fees and the fees of the supervisory authority are not included in the price; you pay them yourself.
Requirements
Written for the applicant's business model; the applicant must apply them in practice. FIU licence FIU000117 is LexorCorp's own licence for its trust and company services; it does not authorise the client.
Before we start
- Business model defined
Documents and information we need from you
- Business model, products, customer types, countries, channels
Process
- You: Provide information, capital and people that meet the legal requirements; sign and answer the authority's questions.
- LexorCorp: Prepare the application and its documents and manage the procedure until the decision.
- Authority: The supervisor reviews the documents as part of the application.
How long it takes
Usually within 7 working days after we have received the necessary information
Prepared for your company: usually delivered within 7 working days after we have received the necessary information.
Law and requirements
- Money Laundering and Terrorist Financing Prevention Act
- Guidelines of the Financial Intelligence Unit and the Financial Supervision Authority
General information about our service, not legal advice.
Questions and answers
AML/CFT internal rules, risk assessment and procedures: what does it cost?
From €3,200, excluding VAT. State fees and the fees of the supervisory authority are not included in the price; you pay them yourself.
AML/CFT internal rules, risk assessment and procedures: who is it for?
Applicants for a payment institution, EMI or gambling licence.
AML/CFT internal rules, risk assessment and procedures: how long does it take?
Usually within 7 working days after we have received the necessary information
What is not included in the price?
Implementation and staff training; Screening software.
Who makes the decision?
The supervisor reviews the documents as part of the application.
Related services and add-ons
- Estonian payment institution authorisation — application preparation and management — from €16,000
- Estonian e-money institution (EMI) authorisation — application preparation and management — from €23,000
- Gambling activity licence (tegevusluba) — application preparation and management — from €23,000
- Travel Rule set-up (Regulation (EU) 2023/1113) — from €3,900
- Safeguarding of customers' funds — policy and account documentation — from €2,400
- Responsible gambling and player protection procedures — from €2,300
Part of
- Licensed and regulated companies — from €3,500
Order: AML/CFT internal rules, risk assessment and procedures · from €3,200 See it in the price list