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

September 21, 2005

Preview Citation

Format: Chicago

Hungary: Report on the Observance of Standards and Codes: FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism, (USA: International Monetary Fund, 2005) accessed October 13, 2024

Summary

This report examines Hungary’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.

Subject: Anti-money laundering and combating the financing of terrorism (AML/CFT), Crime, Legal support in revenue administration, Money laundering, Revenue administration, Terrorism financing

Keywords: Anti-Money Laundering, Anti-money laundering and combating the financing of terrorism (AML/CFT), Authority, CFT assessment, CFT directive, CFT rule, CFT system, CR, EU CFT, Hungarian DNFBP AML, ISCR, Legal support in revenue administration, Money laundering, Offense, Terrorism financing

Publication Details

Pages:

17
Volume:

---
DOI:

---
Issue:

---
Series:

Country Report No. 2005/347
Stock No:

1HUNEA2005004
ISBN:

9781451948660
ISSN:

1934-7685

FACTSHEETS

RESOURCES

TOPICS

Flagship Publications

Other Publications

IMF reports and publications by country

Regional Offices

All News

See Also

For Journalists

Press Center

RESOURCES

FLAGSHIPS

KEY SERIES

IMF NOTES

IMF Staff Country Reports