In 2025 Poland introduces revolutionary changes in the area of finance, which completely destruct anonymity of transactions. New provisions they aim to increase financial transparency, but they make serious controversy and concerns for citizens.
New regulations: full control of your transactions
December 30, 2024 the provisions implementing the work to identify all financial transactions have entered into force. Each transaction, regardless of the amount, must now be accurately recorded, which means that both the consignor and the recipient are now Followed by appropriate services.
Why have these changes been introduced?
The main nonsubjective of the fresh regulation is Anti-money laundering and financing terrorism. Anonymity of transactions was seen as a gap that could be utilized for illegal financial activities. The introduction of mandatory recognition aims to address these risks.
Scope of the fresh regulation
The fresh rules apply to all financial trading entities, including:
- Financial institutions: banks, insurance companies, investment funds.
- Payment service providers: electronic payment operators, mobile payment systems.
- Exchange platforms: net exchange, cryptocurrency exchange.
Obligations imposed on these entities include, inter alia:
- Verification of identity customers prior to the transaction.
- Monitoring of transactions For suspicious actions.
- Reporting different transactions to applicable services.
Social reactions and controversy
The introduction of fresh regulations met with mixed reactions Social:
- Support: Part of the public considers the change to be necessary to guarantee financial safety and the fight against financial crime.
- Objection: Others fear that excessive control violates them the right to privacy and may lead to abuse by the authorities.
NGOs and privacy experts call for a balance between safety and civilian liberties.
Comparison with another EU countries
Poland is not isolated from specified changes:
- Germany: They have introduced an work to notify all transactions above €1,000.
- France: Increased supervision of cryptocurrency transactions, requiring full recognition of users.
- Sweden: She introduced a real-time transaction monitoring system.
European Union aims to harmonise standards in terms of Anti-money laundering, leading to harmonisation of the rules in the associate States.
The Future of Financial Privacy
In the face of stricter regulation, citizens are looking for ways to privacy its transactions:
- Cryptovaluts: any people turn to cryptocurrency, counting on them anonymity. However, the introduction of a standard CARF (Crypto-Asset Reporting Framework) by OECD from 2027 aims to increase transparency of cryptocurrency transactions, which may limit their anonymity.
- Cash payments: increasing restrictions on cash transactions lead any to usage conventional forms of payment.
Year 2025 bring significant changes in the area of finance to increase transparency and safety transactions. However, new provisions wake up controversy and questions about boundaries State control over citizens' finances. In the face of these changes, it is worth being aware of your rights and opportunities to defend privacy in financial transactions.
Read more:
End of financial anonymity in Poland in 2025: Government takes control of your money
