Estonian crypto service providers must keep sufficient own funds per AML law. An auditor’s opinion confirming compliance is submitted to FIU (RAB).
upon request
Description
What it is
Own funds are the company’s own capital that serves as a financial buffer, covering operational risks and ensuring stability. For crypto and other virtual asset service providers, Estonian law requires that own funds are always maintained at a sufficient level, proportionate to the scale of business.
The requirement is based on the company’s equity — including elements such as paid-in share capital, retained earnings, reserves, and share premium. Depending on the case, the minimum own funds are set either by this equity base or by the size of annual crypto transaction volumes, whichever results in a higher figure.
As a result, crypto companies must monitor their equity position on an ongoing basis and be prepared to demonstrate compliance to the regulator at any time.
Our role
We perform independent verification of your own funds in line with Estonian law and international standards. This includes:
– Review of financial statements and equity structure
– Recalculation of own funds according to RAB methodology
– Verification of supporting documentation and capital sources
– Assessment of compliance with capital requirements at balance sheet date
Outcome
You receive an auditor’s opinion confirming compliance with the own funds requirement, which can be submitted to RAB together with your annual report. Alongside the opinion, we provide a clear calculation sheet and highlight any gaps that need to be addressed to remain compliant.
Timing
The review of own funds usually takes 1-2 weeks, depending on the completeness of documentation.
Deadlines are linked to the submission of the annual report.
– Annual financial statements (or interim report if required)
– Trial balance and general ledger
– Equity and share capital documentation
– Transaction volume reports (crypto and fiat)
– Supporting evidence for reserves and retained earning
Questions?
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