Hungary has improved its measures for tackling money laundering and terrorist financing, concludes MONEYVAL in a follow-up report released today. The report found Hungary to have improved its compliance with the Financial Action Task Force’s (FATF) Recommendation 15 (new technologies). The country has been re-rated on Recommendation 15 from Partially Compliant to Largely Compliant.
Recommendation 8 (non-profit organisations) was also assessed, however this remained rated Partially Compliant.
Out of the 40 FATF Recommendations, Hungary currently has:
• 5 Recommendations rated Compliant
• 33 Recommendations rated Largely Compliant
• 2 Recommendations rated Partially Compliant
Hungary’s onsite visit for their Mutual Evaluation report will take place in April 2026. Therefore, Hungary has been granted removal from the fifth-round follow-up process, as per MONEYVAL’s rules of procedure.
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The Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (MONEYVAL) is a monitoring body of the Council of Europe entrusted with the task of assessing compliance with the principal international standards to counter money laundering, the financing of terrorism and the financing of proliferation of weapons of mass destruction, as well as the effectiveness of their implementation. MONEYVAL evaluates 33 states and territories and makes recommendations to national authorities in respect of necessary improvements to their anti-money laundering and counter terrorist financing systems and to counter proliferation financing.
