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

1HUNEA2005004 Image
Price:  $15.00

Release Date: © September, 2005
ISBN : 978-1-45194-866-0
Stock #: 1HUNEA2005004
English
Stock Status: On back-order

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Description

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.

Taxonomy

Anti-money laundering , International financial system




More publications in this series: IMF Staff Country Reports