Poland's Ministry of Finance published an update on a multi-agency Polish delegation’s participation in Financial Action Task Force (FATF) working groups and the joint FATF–MONEYVAL plenary in Strasbourg on 10–13 June 2025. Agenda items included updates to the FATF lists of jurisdictions with strategic AML/CFT/CFP deficiencies and those under increased monitoring, Russia’s membership in FATF, and decisions on initiatives such as the revision of Recommendation 16, work on financial exclusion and de-risking guidance, and good supervisory practices for supervising implementation of the Travel Rule. The plenary adopted the mutual evaluation report on Latvia’s AML/CFT/CFP system, which the report describes as delivering very good effectiveness based on comprehensive implementation of international standards and reforms. Jarosław Żółtowski, the General Inspector of Financial Information, met FATF President Elisa de Anda Madrazo and MONEYVAL Chair Nikola Muccioli to discuss Poland’s preparations for its forthcoming evaluation, focusing on early mobilisation of competent domestic bodies, effective inter-institutional cooperation and a systemic approach to implementing FATF standards; the update notes that negative outcomes could increase reputational risk, constrain access to international financing, raise the cost of cross-border transactions, and weaken ratings and investment-attractiveness indicators. Poland’s regular delegation to MONEYVAL includes representatives of the General Inspector of Financial Information, the Polish Financial Supervision Authority and the National Public Prosecutor’s Office, and Żółtowski also met the head of Ukraine’s financial intelligence unit to reinforce bilateral cooperation.

Original source View in tracker