Hungary Aml Law Penalties

Summary

In Hungary, real estate companies that fail to comply with Anti-Money Laundering (AML) laws can face fines up to HUF 100 million, suspension of business activities, and imprisonment for responsible individuals. Real estate company officers may face fines, imprisonment, and potential disqualification from certain positions. The specific fines for officers can vary based on the severity of the offense, generally reaching up to several million HUF. These penalties are governed by Act LIII of 2017 on the Prevention and Combating of Money Laundering and Terrorist Financing.

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in Hungary
In Hungary, the penalties for non-compliance with Anti-Money Laundering (AML) laws for real estate companies include:
- Fines up to HUF * million
- Suspension of business activities
- Imprisonment for responsible individuals
The applicable law is Act LIII of * on the Prevention and Combating of Money Laundering and Terrorist Financing.
and in the case of real estate company officers?
In Hungary, the penalties for real estate company officers for non-compliance with AML laws include:
- Fines
- Imprisonment
- Potential disqualification from holding certain positions
These penalties are also governed by Act LIII of * on the Prevention and Combating of Money Laundering and Terrorist Financing.
Do you have any more questions or need further information?
what are the fines?
Case Rating: *
In Hungary, the fines for real estate company officers for non-compliance with AML laws can vary based on the severity of the offense. Generally, fines can go up to several million HUF. Specific amounts depend on the nature and extent of the violation.
Would you like more detailed information on this topic?
can you clarify please the value of the fines on real estate comapnies and officers in Hungary for not complying with AML provisions?
Case Rating: *
In Hungary, the fines for non-compliance with AML provisions are:
- For real estate companies: Up to HUF * million.
- For real estate company officers: Varies based on the severity of the offense, generally up to several million HUF.
These penalties are governed by Act LIII of * on the Prevention and Combating of Money Laundering and Terrorist Financing.