Additional verification for large purchases. New regulations from mid-2027.

The European Union is introducing uniform rules on counteracting money laundering. From July 2027, the AMLR regulation will enter into force, imposing new obligations on entrepreneurs related to customer identification. The threshold from which more thorough verification will apply is 10,000. euro, i.e. approximately 43 thousand zlotys. Importantly, it does not matter whether we pay in cash, card or transfer - what matters is the value of the transaction.

PESEL and other data for larger purchases

The new regulations provide that for each transaction exceeding PLN 10,000. euro, the seller will have to carefully check the customer's identity. In practice, this means the need to provide data such as PESEL number, NIP number or IBAN bank account number. A transfer from your own account is not enough - the seller will have to determine who is actually making the purchase and whether he is not acting on behalf of another person.

The changes will affect not only banks and financial institutions. The new regulations will also affect car dealers, real estate agents, art galleries, auction houses, independent art dealers, and even sports clubs and lawyers. The entities covered by the new rules also include companies offering non-bank loans, crowdfunding platforms and service providers related to cryptoassets.

Cash under special supervision

Customers who prefer cash payments should be particularly careful. In the case of cash transactions, simplified verification may be required from an amount of PLN 3,000. euro. The extent of the data required will depend on the risk assessment and specific regulations, but it is worth remembering that even smaller transactions may require additional information.

Uniform rules across the EU

The aim of the new regulations is to reduce differences between the regulations in force in individual EU countries. Existing discrepancies have encouraged financial crimes and hampered the fight against money laundering. Now uniform rules are intended to make illegal activities more difficult and to increase the security of financial transactions throughout the EU.

For many companies, the new obligations mean the need to implement new verification procedures. This applies especially to entrepreneurs who have not had to use extensive procedures known from the banking sector so far. The ultimate responsibility for correctly identifying customers will rest with entrepreneurs, and buyers must take into account the need to provide additional data for larger purchases.