Hungary Improves Anti Money Laundering Measures - Moneyval
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The Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (Moneyval), a monitoring body of the Council of Europe (CoE), indicated Hungary has improved measures to fight money laundering and terrorist financing in a follow-up report, Hungarian news agency MTI writes.
"Moneyval concluded that Hungary has improved measures to combat money laundering and terrorist financing, demonstrating good progress in the level of compliance with the [Financial Action Task Force] standards," the body said on Tuesday.
"Overall, Hungary has succeeded in meeting the general expectation of Moneyval for countries to have addressed most - if not all - of the technical compliance deficiencies within five years after the adoption of the mutual evaluation report," it added.
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