Miss This Deadline and Lose Your License? Poland’s GIIF Report Is Due April 18

Miss This Deadline and Lose Your License? Poland’s GIIF Report Is Due April 18

Companies operating in the field of digital assets in Poland are required to submit quarterly reports to the General Inspector of Financial Information (GIIF). The report for the first quarter of 2025 must be submitted by April 18. Failure to comply with this obligation may lead to serious consequences, including financial penalties and removal from the official register.

What is GIIF and why is it important?

GIIF (Generalny Inspektor Informacji Finansowej) is Poland’s main financial intelligence unit responsible for monitoring and preventing money laundering, terrorist financing, and ensuring transparency in financial operations. Companies working with virtual assets are considered high-risk and therefore subject to stricter regulatory oversight.

When was the reporting obligation introduced?

The quarterly reporting requirement was introduced in 2021 as part of amendments to Poland’s Anti-Money Laundering and Counter-Terrorism Financing Act. This change aligns with EU regulations and recommendations by the FATF.

The purpose of the reporting is to provide GIIF with up-to-date information on transaction volumes, sources of funds, the nature of services provided, and any potentially suspicious activity.

Who is required to submit reports?

The obligation applies to all entities that:

• offer services involving the exchange of digital assets;
• provide virtual asset storage solutions (wallets);
• facilitate the buying, selling, or safekeeping of digital assets.

All such companies must be registered in the Polish Register of Activities Related to Virtual Assets, maintained by the Ministry of Finance.

What should the report include?

The quarterly report typically includes:

• total volume of operations for the quarter;
• number of clients served;
• any suspicious transactions identified;
• compliance with AML procedures;
• updates to internal anti-money laundering policies.

Reports must be submitted through a dedicated electronic platform, with quarterly deadlines — April 18 for Q1, July 18 for Q2, and so on.

What are the consequences of non-compliance?

Failure to submit the report or to meet the required standards may result in:

• significant administrative fines;
• removal from the virtual assets register;
• inspections by financial or law enforcement authorities.

How can we help?

FinanceIQ Hub specializes in legal and administrative support for companies operating in the digital asset space. We offer:

• preparation and submission of quarterly reports to GIIF;
• auditing and consulting on internal AML procedures;
• assistance with company registration and listing in the official register;
• MiCA consulting and obtaining;
• compliance support under Polish and EU regulations

✅ We ensure full confidentiality and compliance with all legal requirements.
📩 Contact us for a free consultation!