POLAND STANDARDS SUBPAR FOR ANTI-MONEY LAUNDERING
January 1st, 2011
BY MARK ROWE and E BLAKE BERRY
GIVEN Poland's reputation as a reliable member of the international community, it is perhaps surprising Poland was (until 2009 at least) reckoned by the European Commission and the US Department of State to have one of the EU's poorest records for tackling money laundering.
A key stumbling block was Poland's slow approach to implementing the EU's third money laundering directive (directive 2006/70/EC). Until late 2009, Poland's key AML (anti-money laundering) law - an 'Act on Counteracting the Introduction of Property Values ...
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