Adopted on Dec. 7, 2023, enhanced follow-up covers progress to improve compliance with FATF recommendations 15 (new technologies) and 34 (guidance and feedback).
Since Dec. 2021, Poland has continued giving guidance/feedback to reporting entities.
The country has also taken steps to enhance measures in relation to the virtual asset service providers (VASP) sector, including the introduction of a registration regime.
This comprises fit and proper requirements for natural persons carrying out virtual asset-related activities or being partners, governing body members, beneficial owners.
Also introduced penalties for VASPs not complying with the registration requirements.
Conclusions
Recommendation 15 remains rated partly compliant, but 34 is re-rated from partially compliant to largely compliant, and Poland has made overall progress in addressing the technical compliance shortcomings identified in its 2021 mutual evaluation report.
Of 40 recommendations 2 are compliant, 22 largely compliant, 16 partially compliant.
Poland is expected to report back to FATF Moneyval on further progress in Dec. 2024.
