with the requirements set out in Act CXXXVI of 2007 on the Prevention and
Combating of Money Laundering and Terrorist Financing (Money Laundering Act),
the Magyar Nemzeti Bank issues model policies to providers for the preparation
of policies on the prevention and combating of money laundering and terrorist
financing.Below is a list of model
policies developed by activity type.
45(3) of the Act, newly established providers are required to submit their
policies for approval together with their application for a licence. The MNB
expects that each applicant submits a policy that complies with statutory
requirements, and in which the applicant has developed the procedures
appropriate to the risks arising from its activities and to its specific
organisational features, as well as the standards of behaviour to be followed
by its employees.
The primary objective of the MNB shall be to achieve and maintain price stability. (...) Without prejudice to its primary objective, the MNB shall support the maintenance of the stability of the system of financial intermediation, the enhancement of its resilience, its sustainable contribution to economic growth; furthermore, the MNB shall support the government’s economic policy and its policy related to environmental sustainability, using instruments at its disposal.