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 various laws and regulations to combat corruption, including measures that extend to public officials' family members and political party finances. Despite a decrease in reported corruption levels, challenges remain, particularly in the enforcement of anti-corruption laws, with only one successful prosecution for foreign bribery to date. While U.S. firms report that compliance with anti-corruption policies does not hinder their operations, the OECD has expressed concerns about Poland's insufficient measures to address foreign bribery and the influence of politics on judicial independence.

Poland's economy has outpaced the European Union average in recent years, bolstered by strong fundamentals and effective macroeconomic policies. However, in 2023, the economy faced stagnation due to inflation-driven declines in household spending and external demand, impacting export-led sectors. Looking ahead, GDP growth is projected to rebound to 2.5-3.5 percent in 2024, supported by increased household consumption, a recovering external sector, and the anticipated release of EU funds.

Poland's investment climate is characterized by a welcoming attitude towards foreign investment, supported by a government strategy aimed at improving the regulatory environment and corporate governance. However, challenges remain, including restrictions on foreign ownership in certain sectors and concerns about the predictability of the business environment due to past rapid policy changes. The new coalition government has expressed intentions to enhance investment predictability and simplify regulations, which has raised hopes for improved investor sentiment.