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Hungary’s government has issued a resolution for setting up a body of experts to make anti-money laundering recommendations and measures to combat terrorism funding.

The members of the Anti-Money Laundering Coordination Council will include government ministers as well as the heads of the tax office, the police, the TEK counter terrorism centre and the Central Statistical Office, according to the resolution published in the latest issue of the official gazette Magyar Közlöny. Members will also be delegated by the central bank, the chief prosecutor and the Hungarian Chamber of Accountants, among others.

The Council, whose members will receive no remuneration, will meet at least three times a year.

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Recommendations the Council makes must be reviewed by the National Competitiveness Council.

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