Parliament is working on a draft amendment to the act counteracting the practice of “money laundering”. The proposed changes are aimed at increasing the transparency of money transfers in the Polish economy system by extending the catalogue of the so-called “obliged institutions”, that is entities participating in the financial turnover which are also obligated to register particular transactions as well as notify the General Inspector of Financial Information about them. The amendment stipulates the possibility of applying the act to entrepreneurs receiving payments in cash if such payments exceed the equivalent of EUR 15,000. 
Contact person: Mirosław Stefanik,

ms@pnplaw.pl