According to the announcement made by the Central Bank of Hungary, the European Banking Authority welcomed the EU Commission’s anti-money laundering and counterterrorist financing action plan, which focuses on six pillars.
The Hungarian National Bank, Magyar Nemzeti Bank, published a report on financial technology and digitalization which provides insight into recent developments in financial innovation, including the launch of stable coins and the related cyber risks associated with digital finances.
Financial Times correspondent Tom Burgis spoke to senior reporter Koos Couvée about modern kleptocrats, the extent to which they have united their efforts, and aided by top attorneys and secret offshore finance, penetrated “rule of law” states in the West.
The European Commission officially censured Spain, the Netherlands and six other nations Wednesday for failing to transpose the EU’s latest anti-money laundering directive, 5AMLD, into national laws and regulations in time.
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|Compliant : 6||High : 0|
|Largely Compliant : 27||Substantial : 2|
|Partially Compliant : 7||Moderate : 5|
|Non-Compliant : 0||Low : 4|
Hungary's technical compliance was re-rated in a Feb. 15, 2019 follow-up report
|Rank : 81/141|
|Score : 4.99/10|
|Rank : 70/180|
|Score : 44/100|
|Rank : 75/133|
|Score : 54/100|