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

Author/Editor:

International Monetary Fund

Publication Date:

September 21, 2005

Electronic Access:

Free Full Text (PDF file size is 350 KB).Use the free Adobe Acrobat Reader to view this PDF file

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.

Series:

Country Report No. 05/347

Subject:

English

Publication Date:

September 21, 2005

ISBN/ISSN:

9781451948660/1934-7685

Stock No:

1HUNEA2005004

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

17

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