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

Publication details

Language

English

Country

Hungary

Topic

Mutual Evaluations

Moneyval-FUR-Hungary-2021

Filename: Moneyval-FUR-Hungary-2021.pdf
Size: 420 KB
Format: application/pdf

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Overall, Hungary has made progress in addressing the TC deficiencies identified in its 5th Round Mutual Evaluation.

Recommendation 12 initially rated Partially Compliant is re-rated Largely Compliant

Measures taken by the Hungary authorities with respect to VAs and VASPs are not sufficiently in compliance with the revised requirements of R.15. Therefore, Hungary has been re-rated as PC re- rated as C in its 1st enhanced FUR.

MONEYVAL 3rd Follow Up Report of Hungary - 2019

MONEYVAL 2nd Follow-Up Report of Hungary - 2018

MONEYVAL's Follow-Up Report of Hungary - 2017

MONEYVAL Mutual Evaluation Report of Hungary - 2016

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MONEYVAL

The FATF Recommendations

The FATF Recommendations are the basis on which all countries should meet the shared objective of tackling money laundering, terrorist financing and the financing of proliferation. The FATF calls upon all countries to effectively implement these measures in their national systems.

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

Read more Consolidated assessment ratings