Anti-money laundering (AML) procedure audit.

KAMAND audit verification activities provide by area:

1. AML documentation - anti-money laundering.
2. Who the AML Act applies for Financial control.
3. AML Act since when it is in force.
4. AML obligations - anti-money laundering procedure.
5. AML financial security measures.
6  AML financial security measures.
7. Consequences of violating the AML Act.
8. AML lawyer services.

Since July 2018, the Anti-Money Laundering and Countering the Financing of Terrorism Act, also known as the AML Act, has been in force in Poland. The referenced act came into force in connection with the implementation of EU directives known as Anti-Money Loundering. At the end of October 2021, the Act was significantly amended. As a result of the changes, among others, the circle of entities obliged to apply the AML regulations was expanded.

In the following article, we will explain the most important issues relating to AML matters. In particular we will describe who is obliged to apply the Act, what obligations lie with the so-called obliged institutions and what consequences may arise from breach of the AML regulations.

The obligation to apply the AML provisions applies to a wide range of entities, referred to as obliged institutions. The AML Act classifies as obliged institutions a number of entities connected with the financial and insurance market:

  • banks,
  • co-operative savings ,
  • credit unions,
  • domestic payment institutions,
  • investment companies,
  • custodian banks,
  • lending institutions.

The anti-money laundering procedure should also be implemented by:

  • notaries,
  • solicitors and barristers,
  • tax advisors,
  • statutory auditors.

AML lawyer – our services KAMAND provides legal support for entrepreneurs in the field of AML regulations, including in particular segments.