Functioning of the polish system of counteracting money laundering and financing of terrorism on the example of the activities of the General Inspector of Financial Information
Functioning of the polish system of counteracting money laundering and financing of terrorism on the example of the activities of the General Inspector of Financial Information

Summary/Abstract: The functioning of the Polish anti-money laundering and countering the financing of terrorism system isa key area of supervision, the effectiveness of which is assessed by the General Inspector of FinancialInformation (GIIF). The aim of this article is to analyze the functioning of the Polish anti-money launderingand countering the financing of terrorism system. The analysis begins with an introduction that outlines thecontext of the GIIF’s activities and the importance of anti-money laundering and countering the financingof terrorism for national and international security. Next, the phases of money laundering are described.Then, modern methods of counteracting money laundering and legal regulations of Poland and the EUin the field of counteracting money laundering and combating terrorism are presented. In the next part,the activities of the General Inspector of Financial Information are described. The research problem wasformulated as follows: How does the activity of the GIIF affect the functioning of the Polish anti-moneylaundering and countering the financing of terrorism system? The research methodology includes theanalysis of literature, statistical data, legal documents and GIIF reports, as well as the synthesis method.The results of the study show some achievements in the effectiveness of the GIIF’s activities, but alsoidentify areas for further action, including better use of available data and resources and strengtheningthe control over sectors susceptible to money laundering

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