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The Polish system of counteracting money laundering and the financing of terrorism (hereinafter referred to as the AML/CFT system) is shaped primarily by both national and European Union (EU) legal regulations.
The role of cash and non-cash settlements, in particular (most widespread in Poland) payment cards and credit transfers, including innovative mobile payments, is described subsequently. The data presented in the report indicate an increase in the share of non-cash payments in
Cash plays a stabilising role in crisis situations. The response of the Polish public in terms of increased cash withdrawals, mainly through ATMs, observed immediately after the outbreak of the war in Ukraine, clearly indicates that in times of uncertainty, citizens, especially those who do not use cash on a daily basis, tend to reach for it.
The limit of cash payments in B2B transactions, compared to the current one, will be reduced from PLN 15,000 to PLN 8,000 or its equivalent in a foreign currency. This change also affects tax law.
payments. Poland belongs to the group of countries with the highest share of contactless cards in the world. As at the end of December 2022, they accounted for 93.5% of all payment cards in Poland, having an increasing share in the number and value of card transactions.
19 sie 2011 · Payment services. Practice. Modification date: 12 February 2024. The present English text is furnished for information purposes only. The original Polish text published in the Journal of Laws is binding in all respects. Act of July 21st 2006 on Financial Market Supervision.
As noted in the explanatory memorandum accompanying the draft law, the objective of the draft law is to take into consideration the payment habits of all social groups and the need to enable them to use the preferred form of payment, including cash payments, in Poland.
