Ultimate Beneficial Owners in Hungary - where are we now?

In Hungary, the efforts to combat money laundering mostly rely on implementing EU rules. Rules on the access to ultimate beneficial ownership (UBO) registry were implemented in 2021, adhering to the minimal requirements outlined in the relevant EU Directive. 

HESITANT AHEAD OF EUROPEAN ELECTIONS NEXT SUNDAY? VOKSMONITOR IS HERE TO HELP!

To help you make an informed choice this year, Voksmonitor compares your views directly with the candidates' political positions on 40 issues affecting European politics. 

ASSESSMENT OF HUNGARY'S COMPLIENCE WITH CONDITIONS TO ACCESS EU FUNDS

K-Monitor, together with Amnesty International Hungary, Eötvös Károly Institute, the Hungarian CivilLiberties Union, the Hungarian Helsinki Committee, and Transparency International Hungary has re-assessed the compliance with the RRP milestones.

A year of missed opportunities

In the second half of 2022, Hungary made a number of commitments, partly due to the launch of the conditionality mechanism and partly to the adoption of Hungary's RRF plan. This is the largest and most comprehensive anti-corruption and rule of law package in the last ten years, providing the Government with a unique opportunity to send a clear signal to EU partners, civil society and citizens that anti-corruption criticisms are taken seriously.