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Bank Gospodarstwa Krajowego

Fraud resistant.

Details of implementation

Like most banks in Europe, in 2018 BGK was faced with the challenge of introducing the EU IV AML Directive, to which the Polish law was adapted by the Anti-Money Laundering and Terrorist Financing Act. It introduced a number of provisions forcing financial institutions to change their approach to eliminating events leading to abuse. It was the legislative changes that made BGK decide to implement a solution that would enable it to meet the Act’s requirements, including efficient transaction reporting to the Regulator - General Inspector of Financial Information (GIIF). The bank’s authorities wanted the new system to ensure not only effective AML prevention, but also to be tailored to the specifics of the institution’s activities and internal procedures. Growing time pressure and high dynamics of changes in the new law’s provision made BGK decide to cooperate with a proven IT provider. It considered Asseco Poland to be the best to achieve this objective. The company was entrusted with the task to implement the Asseco Anti-Money Laundering system (Asseco AML).

Client's profile

Bank Gospodarstwa Krajowego (BGK) is a state-controlled financial institution whose goal is to support the social and economic development of Poland and the public sector. The bank also initiates and participates in the cooperation between business, public sector and financial institutions. It plays a significant role in the implementation of the Strategy for Responsible Development, which is the Polish state’s key document for shaping mid- and long-term economic policy. Finally, the bank is responsible for handling governmental financial programs and distributing related funds among others.