Poland has improved its measures for tackling money laundering and terrorist financing (AML/CFT), concludes the Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (MONEYVAL) in a follow-up report released today.
This report focuses on Poland’s progress on improving the level of compliance with the Financial Action Task Force (FATF) Recommendations 1 (Assessing risks and applying a risk-based approach), 15 (New technologies), 26 (Regulation and supervision of financial institutions) and 33 (Statistics).
Since December 2023, Poland has developed and published a new national risk assessment; took steps to implement its national strategy by reinforcing the financial, human and technical resources of the Military Police, the Financial Supervision Authority (UKNF) or the Financial Intelligence Unit; and has addressed minor legislative shortcomings related to the application of enhanced due diligence. Additionally, Poland also upgraded its collection, management and granularity of relevant ML/TF statistics, such as in relation to suspicious activity reports, seizure of property, extraditions and mutual legal assistance requests. All these improvements have led to the country being re-rated on Recommendation 1 from partially compliant to largely compliant, and on Recommendation 33 from partially compliant to compliant.
Poland also continued to provide guidance and feedback to its virtual assets service providers’ sector. It has introduced new registration requirements for non-bank lenders, ad-hoc ex-post suitability assessments for members of the management and supervisory board of banks and enhanced risk rating methodologies for the UKNF and the National Bank of Poland. This notwithstanding, Recommendations 15 and 26 remained rated partially compliant, as the report concludes with the need for further improvements in these areas.
Overall, Poland has made progress in addressing the technical compliance shortcomings identified in its 2021 mutual evaluation report and its 2023 first enhanced follow-up report. Out of the 40 Recommendations, Poland currently has:
• 3 Recommendations Rated Compliant
• 23 Recommendations rated Largely Compliant
• 14 Recommendations rated Partially Compliant
Poland is expected to report back to MONEYVAL on further progress made towards strengthening its AML/CFT system in December 2025.
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The Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (MONEYVAL) is a monitoring body of the Council of Europe entrusted with the task of assessing compliance with the principal international standards to counter money laundering, the financing of terrorism and the financing of proliferation of weapons of mass destruction, as well as the effectiveness of their implementation. MONEYVAL evaluates 33 states and territories and makes recommendations to national authorities in respect of necessary improvements to their anti-money laundering and counter terrorist financing systems and to counter proliferation financing.
