Hungary: Revised anti-money laundering regulation

Hungary: Revised anti-money laundering regulation

Guidance—Decree no. 26/2020. (VIII.25.)—concerns measures to enforce anti-money laundering and terrorism financing rules.


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The decree applies with regard to service providers and has an effective date of 1 October 2020.

With the decree, there is a shift in approach. The previous rule-based approach is replaced by a risk-based approach, and service providers are afforded greater freedom to determine their own risks based on their internal risk assessment procedure.

The decree also introduces measures based on experiences of the supervisory authority in combating of money laundering and terrorist financing. 

Read an October 2020 report prepared by the KPMG member firm in Hungary

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