Gov't amends money-laundering laws

On Tuesday, the Polish government passed amendments to laws against money-laundering and financing terrorism.

The new act adjusts Polish legislation to an EU directive regulating this sphere.

They specify the anti-money-laundering tasks to be undertaken by banks, investment funds, insurers and money-lending institutions, and regulate the information exchange between them.

According to the government, the amended regulations will help lower the risk of honest enterprise being used for money-laundering and terrorism-financing purposes.

The new laws are to come into force 30 days after their publication in the Journal of Laws.

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