Fulfilling the statutory obligation imposed by Article 25(1) in connection with Article 192 of the Act of 1 March 2018 on counteracting money laundering and financing of terrorism, the General Inspector of Financial Information in cooperation with the Financial Security Committee, the cooperating units and the obligated institutions - prepared the first national assessment of the risk of money laundering and financing of terrorism. This document is important from the point of view of the requirements arising from Chapter I Section 2 of Directive (EU) 2015/849 of the European Parliament and of the Council of 20 May 2015 on the prevention of the use of the financial system for the purposes of money laundering or financing of terrorism, amending Regulation (EU) No 648/2012 of the European Parliament and of the Council, and repealing Directive 2005/60/EC of the European Parliament and of the Council and Commission Directive 2006/70/EC and Commission Directive 2006/70/EC which obliges member states to take actions based on the risk assessment. The provisions of Directive 2015/849  in this matter reflect the FATF relevant recommendations, including in particular the FATF recommendation no. 1 concerning “Assessing risks and applying a risk-based approach". Pursuant to the above-mentioned FATF recommendation countries should identify, assess and understand the risks of money laundering and financing of terrorism in a given country and they should take relevant actions. The country’s actions based on the assessment of the risk of money laundering and financing of terrorism are to ensure that the measures taken in order to prevent or reduce the risk of money laundering and financing of terrorism are relevant to identified risks and cause the effective allocation of assets in the entire system of counteracting money laundering and financing of terrorism.

The obligated institutions which are obliged to identify and assess risks related to money laundering and financing of terrorism referring to their activity, while preparing their risk assessments may take into account the binding national assessment of the risk of money laundering and financing of terrorism.

On the basis of the national risk assessment, the General Inspector of Financial Information drafts the strategy on counteracting money laundering and financing of terrorism which will contain the action plan aiming to mitigate the risk associated with money laundering and financing of terrorism in Poland.

Link: Krajowa Ocena Ryzyka Prania Pieniędzy oraz Finansowania Terroryzmu