Hungary has been re-rated from ‘partially compliant’ to ‘largely compliant’ by the Committee of Experts on Evaluation of Anti-Money Laundering Measures and Terrorist Financing (MONEYVAL). The action was taken by the body following significant improvement made by the country in collecting and analyzing data relating to money laundering and terrorist financing. Regardless of the new rating, Hungary will remain in the enhanced follow-up, where its progress will still be monitored for further improvement. So far, Hungary is rated ‘compliant’ with 6 of the 40 recommendations provided by the Financial Action Task Force (FATF), ‘largely compliant’ in 28 and ‘partially compliant’ with the remaining 6.