Anti-money laundering Sp. z o.o., as entities which carry out transfers in the financial market, according to the relevant laws, are obliged to carry out all necessary actions to prevent any money laundering activities. This term refers to any transactions that are carried out to conceal the source of illegally obtained funds. Therefore, we comply with all laws which are in place to prevent money laundering activities and any form of terrorism funding. We realise that such compliance can sometimes be inconvenient for our customers and would therefore like to apologise in advance.

According to the Money Laundering Regulations of 2007, we are obliged to conform with the following:

  • Confirming the identity of our clients
  • Registering and monitoring of all transactions
  • Designating of a trained employee who can deal with all AML matters
  • Continuous training of our employees within the area of AML
  • Continuous development of our internal anti-money laundering system
  • Retaining of all relevant money transfer documents for 5 years
  • Asking customers to show documents confirming source of funds, when transactions exceed 10 000 GBP

Legally binding regulations active in Great Britain:

The Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017

Legally binding regulations active in Poland:

Ustawa z dnia 1 marca 2018 r. o przeciwdziałaniu praniu pieniędzy oraz finansowaniu terroryzmu

More information about what is required of money transfer companies, with regards to anti-money laundering, can be found in the extensive guidance booklet published by the HMRC:

MLR 2007 Supervision of Money Service Businesses (English version)