Legal · Last updated 10 Nov 2026
AML & KYC Policy
BOIDRA is committed to preventing money laundering and terrorist financing in line with the Polish Act of 1 March 2018 on Counteracting Money Laundering and Terrorist Financing and EU Directive 2015/849 as amended.
1. Zero tolerance
We do not enter into business with persons or entities involved in money laundering, terrorist financing, fraud, corruption or sanctions evasion.
2. Know Your Customer
Before starting a business relationship we verify the client's identity: company name, registration number, tax ID, registered address, representatives, and beneficial owners (via the Central Register of Beneficial Owners, CRBR, or equivalent). We may request documents confirming these details.
3. Sanctions and PEP screening
Clients and beneficial owners are screened against EU, UN, OFAC and Polish sanctions lists and checked for politically exposed person (PEP) status. We do not provide services to entities from countries subject to comprehensive EU sanctions.
4. Risk-based approach
Each client is assigned a risk level. Higher risk (e.g. high-risk third countries, complex ownership structures, PEPs) triggers enhanced due diligence, including source-of-funds verification and senior management approval.
5. Payments
We accept payments only by bank transfer from an account held by the client in its own name. No cash, no cryptocurrency, no third-party payments.
6. Monitoring and reporting
We monitor business relationships on an ongoing basis. Suspicious activity is reported to the General Inspector of Financial Information (GIIF). We may suspend or terminate a relationship without notice where required by law.
7. Record keeping and training
KYC records are retained for 5 years after the end of the relationship. Staff receive regular AML training, and the policy is reviewed at least once a year.