Money Laundering In Hungary

Money laundering in Hungary is estimated to be worth $15 Billion a year.

In the first half of 2013, a total of 6,160 suspicious transactions were reported to federal regulators. The number of reports was 80 percent higher than the previous year.

Out of that total, 66 financial transactions were halted by banking regulators.

(More money laundering examples.)

Source:  David Landry, “Reports of money laundering up 80% through June ‘13,” Budapest Business Journal, January 21, 2014.