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Piotr Jaskiewicz

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Poland is an EU member state that follows a dual sanctions regime. This member state enforces EU sanctions, in addition to enforcing national sanctions that go beyond them. Businesses holding the status of an “obliged entity” under Polish AML legislation must take into account a new list of financial sanctions released on 26 September 2023. Universally applicable sanctions With respect to sanctions that must be complied with by all persons subject to the Polish jurisdiction,…

On 11 July 2023, Polish authorities announced that assets of three entities controlled by Vyacheslav Kantor were subjected to compulsory administration in Poland. The entities, two incorporated in Cyprus and one incorporated in Luxembourg, as well as Vyacheslav Kantor, have earlier been designated on the Polish sanctions list. The entities jointly hold 19.82% of publicly traded stock of Grupa Azoty S.A.. The estimated value of the administered assets is PLN 500 million. Poland’s State Treasury…

This week in our Sanctions Enforcement Around the World series, we bring you the view from Poland, an EU member state with a dual sanctions regime. Poland enforces the EU sanctions, in addition to enforcing national sanctions that go beyond the EU sanctions. This post incorporates data on local enforcement activity, as obtained by Baker McKenzie through access to government sources. What are the recent sanctions enforcement trends in Poland? Until April 2022, Poland did…

On 29 May 2023, Poland imposed sanctions on 365 citizens of Belarus, as well as other individuals and entities. Polish law requires an individual decision and scope of sanctions to be determined with respect to each designated person, however the measures typically include: freezing of funds and economic resources prohibition of making funds or economic resources available prohibition of knowing and voluntary participation in activities aiming at, or resulting in, circumvention of the above measures…