Much of Hungary’s money laundering is thought to involve legitimate bank deposits, and NAV also reported that a total of 66 transactions with financial institutions were halted in the first six months of 2013.
NAV referred 92 of the reports to foreign authorities, and this week launched 15 more procedures on filed cases. As of 2011, the National Tax and Customs Office (NAV) estimated money laundering in Hungary to represent $15 billion per year.
Producing journalism that is worthy of the name is a costly business. For over 30 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
