Hungary Fines Banks For Partner Agents’ AML Compliance Failures
The Hungarian National Bank (MNB) fined two banks for AML compliance failures at their partner …
Hungarian Central Bank Reveals Cracks In EU Passporting Regime As Fintechs Grow
The Hungarian central bank has issued a press release about Revolut which suggests that fintechs …
Hungarian Law Partially Compliant With FATF Virtual Currency Recommendation
Hungary has shown progress in complying with international anti-money laundering/counter-terrorism financing standards, the Council of Europe has …
Regulator's Hands Are Tied As It Says Revolut's New Fees Break Law
A proposal by Revolut to raise certain fees, allegedly violating Hungarian law, has shown up …
European Blocklists Surpass 110,000 URLs As Regulators Battle Pandemic Effects
The number of blocklisted online gambling domains across 18 reporting European countries, as monitored by …
Fragmented Regulation Biggest Stumbling Bloc For Biometrics Payment Start-Up
A Hungarian payments start-up is one of the first in Europe to roll out a contactless payment …
Cryptos Still Pose Huge AML Risk, Warn Experts
Cryptocurrencies could yet bolster the fight against money laundering, but unregulated digital currency exchanges and …
Fintechs Key Driver For Payment Innovation In Hungary
An increasing number of innovative fintechs “generates fierce competition for the banking sector”, Hungary’s central …
Hungarian Central Bank Says APIs Not Quite Ready
The Hungarian central bank (MNB) has said that improvements in the country’s payments infrastructure helped …