Hungary's progress in strengthening measures to tackle money laundering and terrorist financing

Publication details

Language

English

Country

Topic

Hungary has made some progress to address the technical compliance deficiencies identified in its MER and subsequent FURs.

As a result of this progress, the country has been upgraded on one Recommendation:

Recommendation 15 is re-rated from Partially Compliant to Largely Compliant

Hungary has achieved an LC/C rating for 38 recommendations; 2 recommendations (R.8 and R.32) remain rated Partially Compliant.

Hungary will remain in enhanced follow-up and will continue to report back to MONEYVAL on progress achieved in improving the implementation of AML/CFT measures.

Hungary Follow-Up Report - Moneyval 2024

Filename: Hungary-FUR-2024.pdf
Size: 708 KB
Format: application/pdf

Download the Follow-Up Report

Earlier reports

3 Oct 2022

Hungary's progress in strengthening measures to tackle money laundering and terrorist financing This follow-up report analyses the progress Hungary made in addressing the technical compliance deficiencies identified in its mutual evaluation report and ensuing follow-up reports.
6 Aug 2021

Hungary's progress in strengthening measures to tackle money laundering and terrorist financing This follow-up report analyses Hungary’s progress in addressing the technical compliance deficiencies identified in the mutual evaluation report.
5 Feb 2020

Hungary's progress in strengthening measures to tackle money laundering and terrorist financing This follow-up report analyses Hungary’s progress in addressing the technical compliance deficiencies identified in the mutual evaluation report.
21 Feb 2019

Hungary's progress in strengthening measures to tackle money laundering and terrorist financing This follow-up report analyses Hungary's progress in addressing certain technical compliance deficiencies identified in its MER and FUR.
13 Mar 2018

Hungary's progress in strengthening measures to tackle money laundering and terrorist financing This report analyses Hungary's progress in addressing the technical compliance deficiencies identified in the MONEYVAL Mutual Evaluation Report of 2016.
6 Jan 2017

Hungary's measures to combat money laundering and terrorist financing This report provides a summary of the anti-money laundering/counter-terrorism financing (AML/CFT) measures in place in Hungary as at the date of the on-site visit (7 March to 18 March 2016). It analyses the level of compliance with the Financial Action Task Force (FATF) 40 Recommendations and the level of effectiveness of Hungary’s AML/CFT system and provides recommendations on how the system could be strengthened.

Related materials

MONEYVAL

The FATF Recommendations

The FATF Recommendations are the basis on which all countries should meet the shared objective of tackling money laundering, terrorist financing and the financing of proliferation. The FATF calls upon all countries to effectively implement these measures in their national systems.

Mutual Evaluations

The FATF conducts peer reviews of each member on an ongoing basis to assess levels of implementation of the FATF Recommendations, providing an in-depth description and analysis of each country’s system for preventing criminal abuse of the financial system

Read more Consolidated assessment ratings