VASP Reporting In Poland / 2024

• Published date: 12 January 2024
• Subject Matter: Finance and Banking, Technology, Financial Services, Fin Tech
• Law Firm: Dudkowiak Kopec & Putyra
• Author: Alicja Mruczkiewicz

Virtual Currency Operators Reporting Obligations in Poland

VASPs - virtual currency operators in Poland are subject to mandatory reporting of quarterly statistic data to Polish General Inspector of Financial Information (GIIF).

As obliged institutions under the provisions of the AML/CFT Act of 1 March 2018, VASPs have been placed under this obligation by the GIIF.

How VASPs shall report in Poland?

Reporting is done through a dedicated system - the GIIF Information System available on the website: https://www.giif.mofnet.gov.pl/#/glowna. Importantly, reporting requires prior notification of the obliged institution (VASP). In order to use the system and effectively fulfil the reporting obligation, it is necessary to have adequate technical resources at VASP's disposal. The geographical location of the reporting person is also important in this aspect - access to the system is possible primarily from the territory of Poland.

Please note that the system of the Inspector General for Financial Information is available from 7:00 a.m. to 5:30 p.m. Monday to Friday on working days, until further notice.

Subject of VASP reporting in Poland

The report covers, among other things, the number of transactions, the number...