Estonia-based fintech company Wallester has appointed Indrek Tibar as its new Head of Anti Money Laundering (AML), effective July 2025.
Tibar brings more than 20 years of experience in financial crime prevention and AML leadership across both public institutions and the private sector.
As the company continues its growth, it is placing increased emphasis on compliance and risk management.
Tibar’s arrival follows other recent senior appointments, including Rein Ojavere as Head of Risk and Aivar Paul as Chief AML Officer.
Both have held key roles in Estonia’s financial sector and government agencies.
Tibar’s background includes extensive experience in both law enforcement and banking.
He began his career at the Estonian National Criminal Police in the early 1990s, where he specialised in economic and financial crime investigations.
In the private sector, he held senior AML roles at Swedbank, contributing to the development of the bank’s compliance systems.
He has also served in senior roles at the Police and Border Guard Board and was later posted as a legal attaché in the US, where he worked on international judicial and law enforcement cooperation.
Most recently, he held a position at the Estonian Prosecutor General’s Office.
As Head of AML, Tibar will be responsible for building a comprehensive anti money laundering framework suited to the needs of a fast growing, digital financial services company.
His background is expected to help the company navigate regulatory expectations while maintaining operational efficiency.
“Wallester is one of Estonia’s most ambitious and fast growing fintechs,”
said Tibar.
“This role offers a unique opportunity to shape a world class AML function from within, drawing on everything I have learned in the public and private sector to help prevent financial crime in today’s rapidly evolving digital landscape.”
His appointment forms part of Wallester’s broader efforts to enhance compliance structures as it continues its expansion across European and international markets.
Featured image credit: Edited by Fintech News Baltic, based on image by escapejaja via Freepik
