Modifications of the Provisions of the Hungarian Criminal Code Related to Money Laundering and Compliance with International Requirements of Combating Money Laundering
Modifications of the Provisions of the Hungarian Criminal Code Related to Money Laundering and Compliance with International Requirements of Combating Money Laundering

Summary/Abstract: From the mid 1990ies – during the preparation progress of joining the European Union –, alongside with the establishment of market economy and recovery of the country’s international relations Hungary was forced to implement the system of criminal instruments of combating money laundering. In this study I shall introduce developments and progress of the Hungarian jurisdiction related to money laundering from the first incorporation of the offense until present days. I shall hereby compare the provisions of the related international treaties and recommendations of European Union’s Directives on money laundering to the settlement and measures of the Hungarian Criminal Code. The study shall introduce characteristics of the Hungarian legislative progress – originating in the laws and principles of our jurisdiction , and it shall point out the Hungarian measures altering from international expectations, notwithstanding the legislative virtues and deficiencies of the subject. Finally, I shall also specify progress possibilities of the provisions of the Hungarian Civil Code on money laundering in compliance with Directive (EU) 2015/849 of the European Parliament and of the Council of 20 May 2015.

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