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Hungarian authorities have closed a money laundering investigation involving employees of Ukraine's state-owned Oschadbank after determining that there was no evidence of a criminal offence. The decision brings an end to a case that began with the detention of seven Ukrainian cash-in-transit employees and the seizure of a substantial shipment of cash and gold in Hungary earlier this year. The investigation was conducted by Hungary's National Tax and Customs Administration, kn

Hungarian law enforcement authorities have carried out one of the most significant financial enforcement actions in the country’s recent history, freezing more than 92 billion forints—approximately $300 million—in bank accounts and securities as part of a sweeping investigation into entities connected to foundations established under the country’s central bank. The operation centers on organizations created during a previous era of monetary leadership and has drawn attention