Implementation of AML Directive into Polish Legal System - Citi Handlowy Experience - Lower Silesian Digital Library

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Implementation of AML Directive into Polish Legal System - Citi Handlowy Experience

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Title: Implementation of AML Directive into Polish Legal System - Citi Handlowy Experience

Title in english:

Advanced Information Technologies for Management – AITM 2009

Creator:

Iwonin, Elżbieta

Description:

Prace Naukowe Uniwersytetu Ekonomicznego we Wrocławiu = Research Papers of Wrocław University of Economics; 2009; Nr 85, s. 106-117

Abstrakt:

The purpose of the article is to clarify interesting aspects and the positive results of the consultation process during the legislative works on the project of amendment of the Act on Counteracting Introduction into Financial Circulation of Property Values derived from Illegal or Undisclosed Sources and on Counteracting the Financing of Terrorism of November 16, 2000 - Polish AML Act. The article is an attempt to predict the potential problems the covered institutions may have in the implementation process what was described in Section 4. The rest of the article presents new approach to the relationship with the customer imposed by the Directive and the impact which new obligations may have on covered institutions. There are proposals how the internal procedures need to be amended, how the customers should be verified and finally what minimal enhancements of the systems supporting the process are required. Citi Handlowy, being the subsidiary of the US financial institution, has already implemented many elements of new AML Act as a result of applying of FATF1 regulations by the Parent Company. Based on this experience the article focuses on practical aspects of Know Your Customer programme implementation.

Publisher:

Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu

Place of publication:

Date:

Resource Type:

Resource Identifier:

oai:dbc.wroc.pl:122156

Language:

Relation:

Prace Naukowe Uniwersytetu Ekonomicznego we Wrocławiu = Research Papers of Wrocław University of Economics; 2009; Nr 85 ; Advanced Information Technologies for Management – AITM 2009

Rights:

Wszystkie prawa zastrzeżone (Copyright)

Access Rights:

Dla wszystkich w zakresie dozwolonego użytku

Location:

Uniwersytet Ekonomiczny we Wrocławiu

Coverage:

Dofinansowano z programu "Społeczna odpowiedzialność nauki" Ministra Edukacji i Nauki (SONB/SP/546390/2022). Tytuł projektu: Upowszechnienie zawartości czasopisma Prace Naukowe Uniwersytetu Ekonomicznego we Wrocławiu

Group publication title:

Prace Naukowe Uniwersytetu Ekonomicznego we Wrocławiu

Exlibris

Object collections:

Last modified:

Oct 30, 2023

In our library since:

Jun 21, 2023

Number of object content hits:

26

All available object's versions:

https://dbc.wroc.pl./publication/160422

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Prace Naukowe Uniwersytetu Ekonomicznego we Wrocławiu

Edition name	Date
Implementation of AML Directive into Polish Legal System - Citi Handlowy Experience	Oct 30, 2023

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Address

Wrocław University of Science and Technology (Coordinator)
Library of Wrocław University of Science and Technology
Wybrzeże Wyspiańskiego 27
50-370 Wrocław, Poland

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(+48) 71-320-47-50

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