Financial Crime World

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Poland’s AML Regulations: A Comprehensive Overview

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The Polish government has implemented a robust system to combat money laundering and terrorist financing, with regulations in place to prevent illegal activities. The country’s Anti-Money Laundering (AML) regime is designed to detect and report suspicious transactions, as well as freeze assets of individuals or entities suspected of engaging in illicit activities.

Key Players

At the helm of Poland’s AML efforts is the General Inspector of Financial Information (GIFI), led by Anna Chałupa. The GIFI is responsible for monitoring financial institutions and reporting suspicious activity to the authorities. The department is headed by Director Michał Szermer, with Deputy Directors Patryk Dobrzycki, Artur Kołaczek, and Elżbieta Franków-Jaśkiewicz.

Regulatory Framework

Poland’s AML regulations are based on the European Union’s Fourth Anti-Money Laundering Directive (4AMLD) and the Council of Europe’s Convention on Laundering, Search, Seizure and Confiscation of the Proceeds of Crime. The country has also implemented the Financial Action Task Force (FATF) standards to combat money laundering and terrorist financing.

Reporting Requirements

Financial institutions in Poland are required to report suspicious transactions to the GIFI within 24 hours of identifying them. The reports must include detailed information about the transaction, including:

  • Amount
  • Parties involved
  • Any other relevant details

Information Sharing

The GIFI shares information with foreign Financial Intelligence Units (FIUs) and law enforcement agencies to combat money laundering and terrorist financing globally. Poland is a member of several international organizations, including:

  • Egmont Group
  • Eurasian Group
  • FATF

International Cooperation

Poland cooperates closely with other countries to share intelligence and best practices in AML/CFT (Anti-Money Laundering/Combating the Financing of Terrorism). The country participates in various international forums, including:

  • European Union’s FIUs Platform
  • EU’s Expert Group on Money Laundering and Terrorist Financing
  • Council of Europe’s MONEYVAL Committee

Contact Information

For more information about Poland’s AML regulations, please contact:

General Inspector of Financial Information

Anna Chałupa Director of Department: Michał Szermer Deputy Directors: Patryk Dobrzycki, Artur Kołaczek, Elżbieta Franków-Jaśkiewicz

Address: Ministerstwo Finansów, ul. Świętokrzyska 12, 00-916 Warszawa, Polska Tel: +48 22 694 30 60 Fax: +48 22 694 54 50 Email: sekretariat.IF@mf.gov.pl