Challenges in Automating UBO Checks in Poland's CRBR Without an API
The absence of a public API for Poland's CRBR presents significant challenges for AML/KYC compliance. Institutions must automate beneficial ownership verification to comply with EU regulations and avoid penalties.
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Poland's Central Register of Beneficial Owners (CRBR) lacks a public API, which complicates compliance for banks, fintechs, and other obligated institutions. Under EU's 6th Anti-Money Laundering Directive, organizations must verify beneficial owners within 7 days of registration to avoid penalties of up to 1 million PLN (approximately 220,000 EUR).
Automating UBO checks is critical, especially for institutions onboarding numerous businesses daily or managing large corporate portfolios. The CRBR's anti-automation measures and potential structural changes pose ongoing challenges, necessitating a flexible approach to query execution.
Solutions range from developing scrapers to using pay-per-result services, depending on query volume and integration needs. A recommended strategy is to start with pay-per-result options and assess actual needs before committing to subscription models.
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