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ALMOST 10,400 SUSPICIOUS FINANCIAL TRANSACTIONS REPORTED IN 2018

 

Financial service providers reported 10,379 suspicious transactions to the authorities in Hungary last year, the daily Magyar Nemzet reports. Fully 221 transactions were suspended under rules on preventing money laundering and the financing of terrorism, and 130 of those resulted in criminal proceedings, according to National Tax and Customs Authority (NAV) data. The value of these transactions came to about 2.1 billion forints (EUR 6.4m). Magyar Nemzet noted that the government recently mandated the establishment of a body of experts to observe and make recommendations on measures to combat money laundering and the funding of terrorism. Gábor Gion, who will chair the Anti-Money Laundering Coordination Council, told the paper the body was expected to hold its inaugural meeting in the autumn.