Technical Support Instrument (TSI) Project on: Strengthening the risk assessment mechanisms and the AML-CFT strategic analysis function of the Polish financial intelligence unit

Within the framework of the 2022 Council of Europe/EU Technical Support Instrument (TSI) envelope, the Economic Crime and Cooperation Division is assisting Polish authorities to enhance the anti-money laundering/combatting the financing of terrorism (AML/CFT) regime through strengthening the National Risk Assessment (NRA) methodology and respective process, the implementation of the NRA findings, and through supporting other sectoral efforts aimed at enhancing enforcement and compliance with AML/CFT obligations. The project begun on 29 June 2022 and will last for 27 months. Through tailored activities, the project seeks to contribute to:

• Updating the Money Laundering and Terrorist Financing (ML/TF) National Risk Assessment;
• Introducing a risk-based approach supervision of virtual assets;
• Strengthening capacities of the Financial Intelligence Unit to produce strategic analysis reports;
• Enhancing cooperation among FIU, Law Enforcement Agencies and supervisors.

Areas of specific focus include the review of the methodology for future Money Laundering/ Terrorist Financing (ML/TF) National Risk Assessments, mapping of the data available for the implementation of the NRA, assistance in updating the ML/TF National Risk Assessment and in conducting sectoral ML/TF risk assessments to complement the NRA, review of Fıu’s startegic analysis function, development of a strategic analysis manual, provision of recommendations for the implementation of electronic suspicious activity reporting (eSAR) within the domestic financial regulatory and supervisory system.

The total project budget is 533,334 Euros. The project is co-funded by the European Union via the Technical Support Instrument and Council of Europe and is and implemented by the Council of Europe (Economic Crime and Cooperation Division), in cooperation with the European Commission.

 More information on the cooperation between the EC DG REFORM and the Council of Europe can be found here.

Administrator
M. Tomislav SERTIC
Phone: +33 (0)3 90 21 46 16
Email: Tomislav.SERTIC [at] coe.int

Project Officer
Ms Melita CANALI
Phone: +33 (0)3 88 41 29 44 
Email: Melita.CANALI [at] coe.int

Project Assistant
Ms Amila BERKOVIC
Phone: +33 (0)3 88 41 28 61
Email: Amila.BERKOVIC [at] coe.int