Greater payment to your account? You may have a tax authorities’ control

When paying cash to a bank account, it is worth remembering the limits, after exceeding which the bank is obliged to inform the relevant institutions about the transaction. Current provisions oblige banks to report cash transactions exceeding the equivalent of 15,000. euro to the National Tax Administration (KAS). This is to counteract money laundering and financing illegal activities.

Information about transfers

Not only individual high -value transactions are not only submitted. Banks can also analyze smaller payments if they differ from typical customer activity. For example, a one -time account of the account with the amount of 30,000 PLN may arouse suspicions if the customer has previously paid much smaller sums – reminds Interia Biznes.

Verification procedures apply not only to payments made in cash deposit machines, but also by other cash operations. If necessary, the bank may temporarily block access to funds and report a transaction as a suspicious to the General Inspector of Financial Information (GIIF), which conducts further explanatory proceedings.

Which transfers will interest the treasury?

What’s more, KAS and GIIF also have access to information on bank transfers. High value operations are analyzed in terms of the origin of the means and the possible risk of irregularities. Financial institutions are obliged to maintain vigilance also in the case of other unusual behavior.

The bank may provide information to the treasury when it notices:
– transfers for high amounts;
– numerous transfers to smaller sums made at short intervals, the total value of which is significant;
– unusual or suspicious transfer titles;
– Many transfers from various broadcasters for similar amounts that may indicate an attempt to disperse payments to one account.

All these activities are used to counteract money laundering and are to ensure greater transparency of the flow of funds.