Poland: Amendments to the Act on Prevention of Money Laundering and Financing of Terrorism and Other Acts

    View Author February 2021

    On January 12, 2021, the Council of Ministers adopted a draft law amending the Law on Prevention of Money Laundering and Financing of Terrorism and certain other acts, which was submitted by the Minister of Finance, Funds and Regional Policy (the "Draft").

    The Draft aims to implement EU legislation preventing the use of the financial system for money laundering and terrorism financing. It is hoped this will increase the transparency of information on financial flows and, as a result, strengthen the position of authorities that focus on the detection of funds from criminal activity or used to finance terrorist activities.

    View the polish version online.