News in Brief
CoE: Hungary fully adopted Warsaw Convention on money laundering
Hungary is one of 17 states to have fully adopted the 10th article of the Warsaw Convention, outlining penalties of legal entities guilty of money laundering.
Money Laundering
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News in Brief
Hungarian government to tackle terrorism funding and money laundering
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 center and the...
News in Brief
Hungarian banks given more time to meet money laundering rules
Hungarian banks have received a reprieve from Parliament, which extended the deadline for mandatory authentication of all private customer identities from the original June 26th to October 31st.