Katri Remmelgas

Attorney

Call

+372 667 6805

Write

katri.remmelgas@kpmglaw.ee

LANGUAGE OF COMMUNICATION

Eesti, Inglise

Main practice areas

Banking, finance and insurance

Background

Katri has been practicing law since 2014, with specialisation in banking and financial law since 2017.

In 2017, Katri embarked her legal career as a corporate and pan-Baltic retail banking lawyer at Luminor Bank. In this role, she provided crucial support to the sales department in financing transactions for large and medium-sized companies, including loans, trade financing, and guarantees. Katri's responsibilities extended to updating corporate banking and consumer credit terms and conditions, as well as internal regulations related to the prevention of anti-money laundering and counter-terrorist financing. Moreover, she supported the prevention of money laundering and terrorist financing compliance unit, as well as the risk committee, in adhering to legal requirements throughout the customer relationship processes.

Katri has international experience in forensic projects related to the prevention of money laundering and terrorist financing and has assisted international law firm for a period of seven months, contributing to a money laundering investigation project on behalf of an international financial institution. Katri holds a certification from the International Compliance Association (ICA) in anti-money laundering.

Prior to joining KPMG Law, Katri was worked for inHouse Pays, the first licensed e-money institution under the Estonian Financial Supervision Authority. She assumed the responsibility of drafting service terms for the e-money institution, ensuring compliance through the update of internal regulations, and conducting legal analyses on the outsourcing of company operations. Katri also provided guidance to inHouse Pays in the application process for a cross-border service provision permit (passporting), offered consultation on regular inspections conducted by the Financial Supervision Authority, and was responsible for developing the company's legal compliance program to ensure adherence to current regulations, including PSD2, GDPR, AMLD V, and their associated requirements.

Professional experience

Advising a Swedish insurer regarding the requirements for marketing an insurance product in Estonia, including checking compliance with the general terms and conditions of the insurance product and the requirements arising from law (confidential client)
Advising the creditor in connection with the development of new credit products and services, including preparation and/or review of relevant documentation (Modena Estonia OÜ)
Advising a Swedish credit institution regarding entering the Estonian market (confidential client)
Advising in connection with the registration of the manager of a small fund with the Financial Supervision Authority and the application for a financial institution's license at the Financial Intelligence Unit, including the preparation of the necessary documentation for registering the business and applying for a license (confidential client)
Advising an international financial institution in relation to investment funds on the EU market - procurement of services, supervision and other regulatory requirements in relation to the provision of fund administration services in Estonia (confidential client)
Advising the client in relation to the interpretation of the requirements stipulated in the Payment Institutions and E-Money Institutions Act and the Creditors and Intermediaries Act, including drawing up model contracts for the client in cooperation with banks and other financiers (Fairown Finance OÜ)

Education

ICA Certficate in Anti Money Laundering
University of Tartu (MA, law)
University of Tartu (BA, law)

Membership

Estonian Bar Association

References

Fairown

We advised Fairown on the launch of their operations on the Estonian market

We advised the client on the interpretation of the requirements set out in the Payment Institutions and E-money Institutions Act (including PSD2) and the Creditors and Credit Intermediaries Act. We also assisted them in drafting the contracts required for their commercial operations.

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Greenful Group OÜ

We advised Greenful on targeted capital raising from private investors

We advised Greenful on raising the capital for commencing their business and production through convertible loans.

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Limestone Platform

We advised Limestone Platform on innovative financial regulation issues

We have advised the client on meeting the fund manager requirements, which set a precedent both in Estonia and the European Union (EU). In addition to this, we have been advising the client on various issues related to corporate and financial law.

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Modena

We helped Modena launch consumer credit services in the Estonian market

We represented Modena in the application for an operating licence as a creditor at the Financial Supervision Authority and assisted in the launch of a new modern credit limit product.

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Eesti Metsameister OÜ