CoE: Further Regulations Needed for Virtual Currencies in Hungary Moneyval, the Council of Europe's expert body against money laundering, called for stricter regulations for virtual currencies in a report... 2022.05.04.
CoE: Hungary Fully Adopted Warsaw Convention Article on Corporate Money Laundering Hungary is one of 17 states to have fully adopted the 10th article of the Warsaw Convention, outlining penalties of... 2022.01.21.
Sixteen Handed Prison Sentences for Laundering Colombian Drug Revenues The municipal court of Budapest has handed prison sentences to 16 defendants in a non-biding ruling on charges of laundering... 2021.04.29.
Fidesz MP Kósa Offered Shares of Big French Bank by ‘Billionaire’ Csenger Swindler New developments have arisen in perhaps the strangest domestic political scandal, the attempted scam concerning Fidesz MP and former minister... 2021.02.17.
Nigerian Sentenced to Prison for Money Laundering The Budapest Court of Appeal has sentenced a Nigerian national to three years in prison and three years' expulsion from... 2021.02.10.
Hungarian Financial Regulator Fines 6 Banks for Failure to Implement Money Laundering Safeguards The National Bank of Hungary (MNB), serving as the country's financial regulator, said on Wednesday that it has fined six... 2020.06.17.
Council of Europe: Hungary Progressing in Fight against Money Laundering The Council of Europe on Friday said Hungary has made considerable progress over the past year in the fight against... 2020.01.27.
Gov’t Distrustful of Setting Up EU Institutions against Money Laundering Effective action against money laundering and terrorism serve the common interests of all European Union member states, Finance Minister Mihály... 2019.12.06.
Tens of Thousands Worry as Account ID Compliance Deadline Ends Today The deadline for account ID compliance expires today. Bank clients who opened accounts before June 27, 2017, must provide documents... 2019.10.31.
Almost 10,400 Suspicious Financial Transactions Reported in 2018 Financial service providers reported 10,379 suspicious transactions to the authorities in Hungary last year, daily Magyar Nemzet said on Monday.... 2019.07.22.
Govt Establishes Anti-money Laundering Body Hungary's government has issued a resolution for setting up a body of experts to make anti-money laundering recommendations and measures... 2019.07.10.
Parliament Extends Account ID Compliance Deadline Lawmakers on Tuesday approved a bill on pushing back the deadline for complying with stricter rules on identifying account ownership... 2019.06.25.
Banking Association Requests Extension of Account ID Compliance Deadline The Hungarian Banking Association will request the deadline for complying with stricter rules on identifying account ownership be pushed back... 2019.06.21.
Council of Europe Notes Hungary’s Progress in Fight against Money Laundering The Council of Europe's Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (Moneyval)... 2019.02.14.
Hungary Police Join European Initiative against Money Laundering The Hungarian police have joined a Europol initiative aimed against money laundering, the police said on its website on Monday.... 2019.01.21.
Govt Against Money Laundering but Fears EBA Overreach Hungary supports a more concerted effort by European Union financial market watchdogs to combat money laundering but sees efforts to... 2018.10.02.
