Hungary; Report on the Observance of Standards and Codes: FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism

This report examines Hungaryâ€™s Observance of Standards and Codes on the Financial Action Task Force (FATF) recommendations for Anti-Money Laundering (AML) and Combating the Financing of Terrorism. Hungary has a substantial AML legal and institutional framework for combating money laundering (ML), including preventive measures for a wide range of service providers and law enforcement measures. The ML offense, while it addresses self-laundering, covers only using the proceeds of crime in the business activity of the perpetrator or in a bank or financial transaction.

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Year of publication:	2005-09-21
Institutions:	International Monetary Fund (IMF) ; International Monetary Fund
Subject:	Combating the financing of terrorism \| Reports on the Observance of Standards and Codes \| money laundering \| terrorism \| financing of terrorism \| terrorist \| terrorist financing \| law enforcement \| suspicious transaction \| domestic legislation \| suspicious transactions \| due diligence \| international cooperation \| transaction reporting \| suspicious transaction reporting \| supervisory authority \| organized crime \| terrorists \| beneficial owners \| financial intelligence unit \| financial service providers \| supervisory bodies \| competent authorities \| united nations security \| internal controls \| criminal investigations \| foreign branches \| financial transaction \| terrorist acts \| criminal liability \| suspicious transaction report \| international standards \| criminal investigation \| counterterrorism \| business relations \| due diligence requirements \| law enforcement measures \| cash transactions \| wire transfer \| predicate offence \| reporting requirements \| acts of terrorism \| international terrorism \| account number \| terrorist activity \| insurance business \| licensing process \| international conventions \| law enforcement officials \| suspicious transaction reports \| terrorist group \| law enforcement agency \| predicate offences \| terrorist groups \| domestic terrorism \| fight against terrorism \| criminal profits \| foreign jurisdictions \| legal assistance \| investigative techniques \| compliance officer \| transaction reports \| internal rules \| underlying predicate offences

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Extent:	application/pdf
Series:	IMF Staff Country Reports.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series IMF Staff Country Reports Number 05/347 1 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005591519