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Hungary’s $300 Million Asset Freeze Exposes Major Governance and AML Risks in Central Bank-Linked Foundations
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
Jun 27 min read
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