AML/CFT is a highly relevant area from the perspective of national and EU authorities. The obligations on private entities are extensive and raise many questions as to their practical application. Breaches of AML obligations, i.e. their omission or inadequate implementation, can lead to severe penalties for both institutions and individuals acting within their structures.

Pending criminal proceedings involve risks not only for the potential perpetrator, but also for their counterparties. This is due, on the one hand, to the possibility of questioning them, demanding the release of documents and, on the other, to the risk of losing money. How is this possible? The basis in such cases are the […]

Recently, we can note European Union’s increased activity in the legislative field. Part of planning changes will affect many businesses. AML Package and MiCa will particularly affect the financial sector, the crypto-assets sector, and other obliged entities (to apply anti-money laundering duties).

In November this year, the Polish Ministry of Justice decided to amend the draft amendment to the Liability of Collective Entities for Acts Prohibited under Punishment Act. After many negative comments from theoreticians and legal practitioners, the drafters decided to drop the most controversial of the planned changes.