Poland Takes Steps to Enhance Financial Inclusion Amid Anti-Money Laundering Measures

===========================================================

Poland has made significant strides in implementing anti-money laundering (AML) and combating the financing of terrorism (CFT) measures, as highlighted in a recent Follow-Up Report. The country’s efforts have yielded impressive results, with notable improvements in two key areas.

Improvements in AML/CFT Measures

Recommendation 15, which focuses on new technologies, remains rated Partly Compliant, indicating that while progress has been made, there is still room for improvement. Conversely, Recommendation 34, which concerns guidance and feedback, has been re-rated from Partially Compliant to Largely Compliant, a testament to Poland’s enhanced efforts in this regard.

Overall Compliance

Poland currently boasts an impressive record of compliance with the 40 Recommendations:

• Two Recommendations have been rated as Compliant
• 22 are deemed Largely Compliant
• 16 Recommendations remain Partially Compliant

Commitment to Financial Inclusion and AML/CFT Measures

Poland’s commitment to financial inclusion and AML/CFT measures is a welcome development, as it seeks to protect its economy from illicit activities and maintain trust in its financial systems. As the country continues to refine its policies and procedures, it is likely that these efforts will yield further positive outcomes.

Benefits of Financial Inclusion

• Protects the economy from illicit activities
• Maintains trust in financial systems