Financial Crime World

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Poland Adapts to FATF Recommendations on Combating Money Laundering and Terrorism Financing

Poland’s anti-money laundering and terrorism financing (AML/CFT) system has been shaped by both domestic legislation and international cooperation. The country has been working closely with the Financial Action Task Force (FATF), an intergovernmental organization that sets standards for combating money laundering, terrorist financing, and other related threats.

Strengthening AML/CFT Regime

As part of its efforts to comply with FATF recommendations, Poland’s General Inspectorate of Financial Information (GIFI) has been implementing a range of measures aimed at strengthening the country’s AML/CFT regime. These measures include:

  • Improvements in customer due diligence
  • Risk assessment and reporting obligations for financial institutions and other designated sectors

Reporting Suspicious Transactions

One key aspect of Poland’s AML/CFT efforts is its system of reporting suspicious transactions to the GIFI. Financial institutions and other obligated entities are required to report any suspicions of money laundering or terrorist financing to the GIFI, which then:

  • Verifies these reports
  • Takes appropriate action, including notifying law enforcement authorities and initiating investigations

International Cooperation

Poland has also been working to improve its cooperation with foreign financial intelligence units (FIUs), including through the exchange of information and mutual assistance in investigations. The country is a member of several international organizations that work on anti-money laundering and terrorist financing issues, including:

  • Egmont Group
  • Eurasian Group
  • Counter-ISIL Finance Group

Global Efforts

In addition to its domestic efforts, Poland has been working with international partners to address global threats such as money laundering and terrorist financing. The country has participated in various initiatives aimed at promoting financial stability and combating illicit activities, including:

  • FATF’s mutual evaluation process

GIFI Leadership

The GIFI is responsible for overseeing Poland’s AML/CFT regime and works closely with other government agencies, financial institutions, and international organizations to achieve this goal. The agency’s leadership includes:

  • Anna Chałupa, General Inspector of Financial Information
  • Michał Szermer, Director of the Department
  • Patryk Dobrzycki, Artur Kołaczek, and Elżbieta Franków-Jaśkiewicz, Deputy Directors

Contact Information

Ministerstwo Finansów ul. Świętokrzyska 12 00 - 916 Warszawa Polska tel.: +48 22 694 30 60 fax: +48 22 694 54 50 e-mail: sekretariat.IF@mf.gov.pl