Financial Crime World

Polish Financial Intelligence Unit Receives Boost from Council of Europe in Fight Against Money Laundering and Terror Financing

The Council of Europe’s Economic Crime and Cooperation Division has been working closely with the Polish Financial Intelligence Unit (FIU) to enhance the effectiveness of anti-money laundering and combating the financing of terrorism (AML/CFT) regime in Poland.

Strengthening Strategic Analysis Function

The partnership is focused on strengthening the FIU’s strategic analysis function to better combat financial crimes. In August 2023, the ECCD conducted an in-depth review of the FIU’s performance, identifying potential deficiencies in procedures and practices and providing recommendations for improvement.

  • The review covered the Polish institutional and legal framework, internal procedures, and recent strategic analysis products developed by the FIU.
  • Council of Europe experts provided authorities with several recommendations aimed at enhancing the legal framework and practical organizational arrangements for conducting strategic analysis, aligning them with international standards and good practices.

Online Workshop

To present and discuss the findings, the ECCD organized an online workshop on October 20, 2023. Representatives from the Polish FIU and Council of Europe experts participated in the event, providing updates on recent legislative and procedural developments as well as the finalization of Poland’s second ML/TF National Risk Assessment.

  • The discussion allowed authorities to engage with experts and reflect on steps to strengthen the FIU’s strategic analysis function.
  • Participants shared knowledge and best practices to enhance the effectiveness of AML/CFT measures in Poland.

Technical Support Instrument

The workshop was part of the Technical Support Instrument initiative “Strengthening the risk assessment mechanisms and the AML/CFT strategic analysis function of the Polish Financial Intelligence Unit,” funded by the European Union and the Council of Europe, and implemented by the Council of Europe. This project aims to enhance the capacity of the FIU to conduct effective strategic analysis and to strengthen its ability to identify and mitigate financial crime risks.