FUNDACJA RODZINNA W PROCESIE PRZECIWDZIAŁANIA PRANIU PIENIĘDZY INSTYTUCJI OBOWIĄZANEJ
FAMILY FOUNDATION IN THE COUNTERACTING MONEY LAUNDERING PROCESS OF THE OBLIGATED ENTITIES

Summary/Abstract: The Act of January 26, 2023, on Family Foundations introduced the possibility of establishing a family foundation in Poland, which has legal personality and all the necessary characteristics to participate in economic activity. A family foundation may also act as a client of an obligated entity. Along with the adoption of this Act a number of amending regulations were also adopted, including provisions amending the Act of March 1, 2018, on Counteracting Money Laundering and Terrorist Financing. Therefore, it became necessary to conduct a comprehensive analysis of the new legal solution from the perspective of counteracting money laundering and terrorism financing. It was determined that a family foundation is an entity to which specific counteracting money laundering rules should apply. From this perspective, the statute of a family foundation is a particularly important document. This study provides a detailed discussion of these issues.

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