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Stepukonis allegedly embezzled money from unsupervised Estonian fund – authority

Stepukonis allegedly embezzled money from unsupervised Estonian fund – authority
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Head of Estonian FSA: Key to financial security lies in clear, simple norms

TALLINN – Kilvar Kessler, head of the Estonian Financial Supervision Authority (FSA), said in his remarks at the FinanceEstonia financial .

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Financial Supervision Authority: 32,000-euro fine makes the Estonian state a laughing stock

Several law amendments are underway in Estonia, which would subject a number of companies to the control of the Financial Supervision Authority (FSA). The head of the agency, Kilvar Kessler, says, however, that until fines are not increased, the criminals will merely laugh at the Estonian state.

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