Poland Country Summary

FATF Status

Poland is not on the FATF List of Countries that have been identified as having strategic AML deficiencies

Compliance with FATF Recommendations

The last Follow-up Mutual Evaluation Report relating to the implementation of anti-money laundering and counter-terrorist financing standards in Poland was undertaken in October 2024. According to that Evaluation, Poland was deemed Compliant for 3 and Largely Compliant for 23 of the FATF 40 Recommendations. It remains Highly Effective for 0 and Substantially Effective for 3 of the Effectiveness ratings.

Poland has established laws and regulations to combat corruption, including measures that extend to public officials' families and political party finances. Despite a ranking of 47th in perceived public corruption by Transparency International, concerns remain regarding the enforcement of anti-corruption laws, particularly in relation to foreign bribery, where prosecutions are rare and corporate accountability is limited. The Polish government is actively working to address organized crime and corruption, but challenges such as judicial independence and public trust persist.

Poland's economy has outpaced the European Union average in recent years, bolstered by strong fundamentals and effective macroeconomic policies. However, in 2023, economic stagnation occurred due to inflation-induced declines in household spending and weaker external demand, impacting export-led sectors. Looking ahead, Poland's GDP is projected to grow between 2.5% and 3.5% in 2024, driven by a rebound in household consumption and external sector recovery, supported by factors such as falling inflation and increased public investment from EU funds.

Poland's investment climate is characterized by a welcoming stance towards foreign investment, supported by a government strategy aimed at improving the macroeconomic and regulatory environment. While foreign companies generally have unrestricted access to the Polish market, there are limitations in strategic sectors and real estate acquisition. The new coalition government has expressed intentions to enhance investment predictability and simplify regulations, which has raised hopes for improved investor sentiment.