The new Hungarian legislation on money laundering and the current challenges of cryptocurrencies
István Ambrus, Kitti Mezei
Money laundering is one of the most important criminal offences today, perceived in thecontext of economic operation. Nevertheless, money laundering is a constantly changingphenomenon that is also influenced by the latest technological advancements. In this study,our aim is, after briefly outlining the phenomenon of money laundering, to review thenew statutory definition(s) and those assessment criteria that may also be of significancefor legal practice in this context from 2021 onwards in Hungary. Subsequently, we willdescribe the current challenges of cryptocurrencies regarding the new Hungarian andEU legislation on money laundering. The method we use is criminal law-dogmatic andretrospective analysis. The analysis concluded that the Hungarian legislator has signifi-cantly broadened the scope of money laundering, and a much wider spread of this offenceis predicted for the future.
Year of publication: |
2022
|
---|---|
Authors: | Ambrus, István ; Mezei, Kitti |
Published in: |
Danube : law and economics review. - Brno : Europ. Assoc. Comenius, EACO, ISSN 1804-8285, ZDB-ID 2706372-0. - Vol. 13.2022, 4, p. 256-268
|
Subject: | Money Laundering | Cryptocurrencies | Hungarian Legislation | 5th Money LaunderingDirective | Ungarn | Hungary | Geldwäsche | Money laundering | Welt | World | Virtuelle Währung | Virtual currency |
Saved in:
freely available
Saved in favorites
Similar items by subject
-
Regulating cryptocurrencies checkpoints : fighting a trench war with cavalry?
Soana, Giulio, (2022)
-
The role of cryptocurrencies in business
Madakam, Somayya, (2023)
-
Bozdoğanoğlu, Burçin, (2018)
- More ...