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

Publication details

Language

English

Country

Hungary

Topic

Mutual Evaluations

Hungary - Follow-up Report 2022

Filename: Moneyval-FUR-Hungary-2022.pdf
Size: 415 KB
Format: application/pdf

Download

Overall, Hungary has made progress in addressing the TC deficiencies identified in its 5th Round MER and subsequent enhanced FURs. The country has been re-rated on three

Recommendations:

Recommendations 13, 18 and 24 initially rated as Partially Compliant are re-rated as Largely Compliant.

Hungary is encouraged to continue its efforts to address the remaining deficiencies.

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

Related materials

6 Aug 2021

Hungary's progress in strengthening measures to tackle money laundering and terrorist financing This follow-up report analyses Hungary’s progress in addressing the technical compliance deficiencies identified in the mutual evaluation report.
21 Feb 2019

Hungary's progress in strengthening measures to tackle money laundering and terrorist financing This follow-up report analyses Hungary's progress in addressing certain technical compliance deficiencies identified in its MER and FUR.
13 Mar 2018

Hungary's progress in strengthening measures to tackle money laundering and terrorist financing This report analyses Hungary's progress in addressing the technical compliance deficiencies identified in the MONEYVAL Mutual Evaluation Report of 2016.
6 Jan 2017

Hungary's measures to combat money laundering and terrorist financing This report provides a summary of the anti-money laundering/counter-terrorism financing (AML/CFT) measures in place in Hungary as at the date of the on-site visit (7 March to 18 March 2016). It analyses the level of compliance with the Financial Action Task Force (FATF) 40 Recommendations and the level of effectiveness of Hungary’s AML/CFT system and provides recommendations on how the system could be strengthened.

Committee of Experts on the Evaluation of Anti-Money Laundering Measures (MONEYVAL)

Mutual Evaluations

The FATF conducts peer reviews of each member on an ongoing basis to assess levels of implementation of the FATF Recommendations, providing an in-depth description and analysis of each country’s system for preventing criminal abuse of the financial system