Functioning of the Polish Anti-Money Laundering and Countering the Financing of Terrorism System on the Example of the Activities of the General Inspector of Financial Information

The functioning of the Polish anti-money laundering and countering the financing of terrorism system is a key area of supervision, the effectiveness of which is assessed by the General Inspector of Financial Information (GIIF). The aim of this article is to analyze the functioning of the Polish anti-money laundering and countering the financing of terrorism system. The analysis began with an introduction that outlined the context of the GIIF's activities and the importance of anti-money laundering and countering the financing of 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 EU in 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 was formulated: How does the activity of the GIIF affect the functioning of the Polish anti-money laundering and countering the financing of terrorism system. The research methodology included the analysis of literature, statistical data, legal documents and GIIF reports, as well as the synthesis method. The results of the study showed some achievements in the effectiveness of the GIIF's activities, but also identified areas for further action, including better use of available data and resources and strengthening the control over sectors susceptible to money laundering.