PKO Bank Polski Strengthens Money Laundering Prevention with Enhanced Measures

In an ongoing commitment to uphold the highest standards of financial integrity and comply with international anti-money laundering regulations, PKO Bank Polski has announced a series of new measures aimed at thwarting potential instances of illicit financial activity within its banking services.

New Measures to Bolster Compliance

Enhanced Customer Due Diligence
- Starting Q3 2023, customer identification checks will be stricter*.*
- Increased scrutiny of source of funds.*
- Enhanced monitoring of transactions.*
- External intelligence and risk assessments enriched.*
Advanced Technologies for Risk Management
- Implementing machine learning algorithms.*
- Utilizing artificial intelligence.*
- Geospatial analysis tools.*
- Improving the identification and flagging of suspicious transactions.*
Robust Training Programs
- Regularly updated training programs.*
- Preventing money laundering risks at all organizational levels.*
Collaboration with Law Enforcement and Regulators
- Strengthening relationships.*
- Sharing intelligence and best practices.*
- Staying ahead of emerging money laundering threats.*
Regular Reviews and Audits
- Transparency and accountability culture.*
- Addressing gaps and vulnerabilities.*
- Enhancing overall money laundering prevention strategy.*

Quote from Magdalena Szymanowska, Chief Risk Officer at PKO Bank Polski

“At PKO Bank Polski, protecting our customers and upholding the highest standards of financial integrity is our top priority. Our enhanced measures for money laundering prevention build upon our longstanding commitment to regulatory compliance and demonstrate our dedication to proactively staying ahead of potential threats.”

About PKO Bank Polski

As Poland’s largest financial institution, PKO Bank Polski remains committed to ensuring its customers can conduct their financial transactions with confidence behind a robust and continually improving money laundering prevention program.