Hungary's progress in strengthening measures to tackle money laundering and terrorist financing

MONEYVAL 2nd Follow-Up Report on Hungary - 2018

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Overall, Hungary has made good progress in addressing the technical compliance deficiencies identified in its 2016 Mutual Evaluation Report and has been re-rated on two recommendations.

  • Recommendation 5 rated PC in the MER has been re-rated LC
  • Recommendation 28 rated PC in the 2017 FUR has been re-rated LC

Bearing in mind that countries are expected to have addressed most if not all technical compliance deficiencies by the end of the third year from the adoption of their MER, Hungary is encouraged to address the remaining deficiencies within that time framework.

Hungary will remain in enhanced follow-up, and will continue to report back in December 2019 to MONEYVAL on further progress to strengthen its implementation of AML/CFT measures.

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