An unknown person running a cryptocurrency exchange office in Poland was arrested. Maciej Grzegorczyk, a legal advisor specializing in digital assets, reported the matter.
He ran a cryptocurrency exchange office in Poland and ended up behind bars
Maciej Grzegorczyk, a legal advisor whom you may know from the KryptoPrawo channel, has just announced that the person running a cryptocurrency exchange office has been arrested. It is not known who exactly this is. The location of the currency exchange office is also unknown.
But what exactly happened?
This is the first time that provisional arrest has been prevented
– Grzegorczyk began his statement.
He added that this is about detaining a person who runs a cryptocurrency exchange office. We also learned that the entrepreneur was arrested for 3 months.
I admit that this is a very specific matter, but again it comes down to a specific thing. Unfortunately, the prosecutor's office currently holds the position that the lack of proper financial security measures (KYC and AML procedures) equals money laundering.
– he explained.
The case concerns an allegation under Art. 299 of the Penal Code, i.e. money laundering.
Law in Poland
The mentioned article 255 of the Penal Code consists of 8 paragraphs. Paragraph 5 was applied in this case:
§ 5. If the perpetrator commits the act specified in § 1 or 2, acting in concert with other persons,
is punishable by imprisonment from one to 10 years.
The first two paragraphs read:
§ 1. Whoever receives, possesses, uses, transfers or exports abroad, hides or performs transfer or conversion, assists in the transfer of their ownership or possession, or undertakes other activities that may prevent or significantly impede the determination of their criminal origin or place of placement, their detection, seizure or forfeiture, shall be subject to the penalty of imprisonment from 6 months to 8 years.
§ 2. The penalty specified in § 1 shall be imposed on anyone who, being an employee or acting on behalf of or on behalf of a bank, financial or credit institution or other entity which is obliged to register transactions and persons making transactions under the law, accepts, contrary to the provisions, means of payment, financial instruments, securities, foreign exchange values, transfers or converts them, or accepts them in other circumstances giving rise to reasonable suspicion that they are the subject of the act specified in § 1, or provides other services intended to conceal their criminal origin or services in protection against seizure.
