FRAUD PREVENTION METHODS FOR BUSINESSES IN POLAND

Increased Focus on Anti-Corruption Laws in Poland

In recent years, Poland has seen a significant increase in the implementation of anti-corruption laws and regulations. As a result, businesses operating in Poland must be aware of their obligations to prevent fraud and corruption.

Key Takeaways: Obligations for Businesses in Poland

• Penalties for Corrupt Activities: The Polish Criminal Code imposes penalties on individuals and companies for engaging in corrupt activities.
• Internal Programs Required: Businesses are required to implement internal programs to prevent corruption and money laundering.
• Compliance Program as a Mitigating Factor: Having a compliance program can be a mitigating factor in proceedings against the company.
• Cooperation with Authorities: Cooperation with authorities or an internal investigation can be a defense or mitigating factor.

Guidelines for Fraud Prevention: Compliance Programs

The Central Anti-Corruption Bureau has published guidelines for developing and implementing effective compliance programs in the public sector. Additionally, there are anti-corruption guides for companies available on the internet.

Best Practices for Businesses in Poland

1. Implement a Compliance Program

Develop and implement an effective compliance program to prevent corruption and money laundering.

2. Train Employees

Provide regular training for employees on the company’s compliance policies and procedures.

3. Monitor Transactions

Regularly monitor transactions and report any suspicious activity to the authorities.

4. Cooperate with Authorities

Cooperate fully with law enforcement agencies in their investigations.

Conclusion

By following these guidelines and best practices, businesses can minimize the risk of fraud and corruption and ensure a safe and successful operation in Poland.