They warned the mediator that in case anyone operates in said area without licence, this could spell violation as treated by Penal Code come under activity without licence. Following the correspondence, Fiscal Intelligence Unit issued a precept in which they demanded data to determine if the person came under Money Laundering and Terrorist Financing Prevention Act.
«He contested the precept and meanwhile our goal was to get him to give the data and say whether he had deals exceeding €1,000. With this we are now in court and we won at first instance,» explained Mr Paul.
Representative of mediator Priit Lätt said Fiscal Intelligence Unit had no right to require the data.