From 22nd October 2009 there came into force the amendment of the act referring to the so called “money laundering”. The amendment increases transparency of financial flows in the Polish economic system by extending a catalogue of the so called obligated institutions, i.e. subjects participating in the financial turnover, having an obligation of registration of defined transactions and informing about them the General Inspector of Financial Information.
The act will be applicable, among others, to entrepreneurs receiving payments for goods in cash equivalent to at least 15 000 EUR.    
Contact: Mirosław Stefanik,

ms@pnplaw.pl