Komisja Nadzoru Finansowego (Polish Financial Supervision Authority) KNF
Who they are
The supervisor of the Polish financial market, served by its office, the Urząd KNF (UKNF). Its published penalty lists show decisions against banks, insurers, brokerage houses, investment fund companies, payment companies, consumer lenders and listed issuers.
What they do
Imposes administrative penalties on supervised entities and on individuals, including under the AML Act, and publishes annual lists of them. The Payment Services Act assigns it supervision of payment institutions, and it is the competent authority under MiCA for issuers of e-money tokens. It also publishes supervisory communications such as the 2020 cloud-computing communication and its position on crypto-asset supervision.
Key laws & regulations issued
- Act Ustawa z dnia 11 września 2015 r. o działalności ubezpieczeniowej i reasekuracyjnej (Act of 11 September 2015 on Insurance and Reinsurance Activity) 2015
- Act Ustawa z dnia 19 sierpnia 2011 r. o usługach płatniczych (Act of 19 August 2011 on Payment Services) 2011
- Act Ustawa z dnia 21 lipca 2006 r. o nadzorze nad rynkiem finansowym (Act of 21 July 2006 on Financial Market Supervision) 2006
- Act Ustawa z dnia 29 lipca 2005 r. o obrocie instrumentami finansowymi (Act of 29 July 2005 on Trading in Financial Instruments) 2005
- Act Ustawa z dnia 29 lipca 2005 r. o ofercie publicznej i warunkach wprowadzania instrumentów finansowych do zorganizowanego systemu obrotu oraz o spółkach publicznych (Act of 29 July 2005 on Public Offering, Conditions Governing the Introduction of Financial Instruments to Organised Trading, and Public Companies) 2005
- Act Ustawa z dnia 29 sierpnia 1997 r. - Prawo bankowe (Banking Law of 29 August 1997) 1997
Enforcement by this regulator
The latest 10 of 31 — see all 31 on the Enforcement tab.
| Date | Entity | Action | Penalty | Source |
|---|---|---|---|---|
| 23 Oct 2026 | Allied Funds Towarzystwo Funduszy Inwestycyjnych SA (investment fund company (TFI)) | Settlement | PLN 50,000≈ US$12,740 | official |
| 23 Oct 2026 | Towarzystwo Funduszy Inwestycyjnych Agro SA (investment fund company (TFI)) | Monetary Penalty | PLN 250,000≈ US$63,699 | official |
| 23 Oct 2026 | Compensa Towarzystwo Ubezpieczeń Spółka Akcyjna Vienna Insurance Group (insurer) | Monetary Penalty | PLN 5,000,000≈ US$1,273,983 | official |
| 11 Sep 2026 | Amathus Towarzystwo Funduszy Inwestycyjnych SA (investment fund company (TFI)) | Monetary Penalty | PLN 250,000≈ US$67,083 | official |
| 9 Sep 2026 | AgioFunds Towarzystwo Funduszy Inwestycyjnych SA (investment fund company (TFI)) | Monetary Penalty | PLN 151,000≈ US$40,689 | official |
| 28 Aug 2026 | FORUM Towarzystwo Funduszy Inwestycyjnych SA (investment fund company (TFI)) | Monetary Penalty | PLN 1,012,000≈ US$271,977 | official |
| 5 Aug 2026 | VeloFunds Towarzystwo Funduszy Inwestycyjnych SA (investment fund company (TFI)) | Monetary Penalty | PLN 4,500,000≈ US$1,205,788 | official |
| 5 Aug 2026 | PKO BP SA (bank) | Monetary Penalty | PLN 47,500,000 | official |
| 24 Jul 2026 | INSURANCE COMPANY ,,EUROINS” AD (insurer) | Monetary Penalty | PLN 86,800≈ US$22,842 | official |
| 24 Jul 2026 | Grzegorz Rak (individual) | Monetary Penalty | PLN 100,000≈ US$26,316 | official |
Latest news
No news tagged to this regulator yet.
Related regulators
Others in Poland supervising overlapping sectors.