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Money Laundering and Financial Crimes
Hungary (Primary). Hungary is vulnerable to money laundering for a variety of reasons, including rising crime rates, a strong presence of both domestic and foreign organized crime groups, and Hungary's role as a transit country for narcotics trafficking along the Balkan Route. Hungary also has strict personal data protection laws that significantly hinder the ability of Hungarian authorities to share information on money laundering and other criminal activities with their foreign counterparts. Major sources of criminal proceeds come from narcotics trafficking, smuggling, arms trafficking, auto theft, tax evasion, financial fraud, alien smuggling and racketeering. Hungary is also used as a location for the laundering of foreign criminal proceeds, especially those from countries of the former Soviet Union. The availability of anonymous bearer passbooks may pose a risk for money laundering, although Hungarian officials doubt that they are used as vehicles for money laundering. ... [Read More]
Country Reports: G-M
Gabon Gabon is not a regional financial center. The Bank of Central African States (BEAC) supervises Gabon’s banking system. BEAC is a regional Central Bank that serves six countries of Central Africa. According to a 2003 letter from the Government of Gabon (GOG) to the UN Counter Terrorism Committee, in matters concerning suspicious financial transactions, banks are bound by the instructions of the Ministry of Economic and Financial Affairs. The actual monitoring of financial transactions is conducted by the Economic Intervention Service that harmonizes the regulation of currency exchanges in the member States of the Central African Economic and Monetary Community (CEMAC). On November 20, 2002, the BEAC Board of Directors approved draft anti-money laundering a ... [Read More]
US Department Of State Post Report
The Czech lands were the most industrialized part of Austria-Hungary and a key producer of consumer and industrial goods for the former Soviet bloc. Today, the Czech Republic produces and exports automobiles, machinery, chemicals, and other goods, mainly to Western Europe. A classic example of a small, open economy, the health of the Czech economy depends heavily on the state of the economies of Western Europe, especially Germany. Because of economic weakness in Europe and the strength of the crown, GDP growth in 2002 was 2% and may not be much more in 2003. Industrial production constitutes 42% of GDP, services 54% and agriculture 4%. Partly in anticipation of the country’s accession to the European Union (expected in 2004), foreign investors poured $8.4 billion of direct investment into the country in 2002, the most per capita of any country in Central and Eastern Europe. This investment is modernizing Czech plant and equipment and raising labor producti ... [Read More]
Local Holidays (International) - Complete List
Local Holidays (International)APIANew Year's Day Monday, 3 JanGood Friday Friday, 25 MarEaster Monday, 28 MarAnzac Day Monday, 25 AprMother's of Samoa Day Monday, 9 MaySamoan Independence Day Wednesday, 1 JunSamoan ... [Read More]
International Narcotics Control Strategy Reports
INTERNATIONAL NARCOTICS CONTROL STRATEGY REPORT, APRIL 1993US DEPARTMENT OF STATEBUREAU OF INTERNATIONAL NARCOTICS MATTERSDEPARTMENT OF STATE PUBLICATION 10047RELEASED APRIL 1993The Report is for sale by the Government Printing Office, Superindendent of Documents. Stock No.: 044-000-02370-9THIS SEGMENT OF THE INCSR REPRESENTS INDIVIDUAL REPORTS FOR THE EUROPEAN NATIONSEUROPE Albania Austria The Baltics Estonia Latvia Lithuania Belarus Belgium Bulgaria Cyprus Czech and Slovak Federal Republics Denmark Finland France Germany Greece Hungary Iceland Ireland Italy Luxembourg Malta Moldova The Netherlands Norway Poland Portugal Romania Russia Sweden Switzerland Turkey Ukraine United Kingdom Yugoslavia Central Asian States Kazakhstan Kyrgyzstan Turkmenistan Tajikistan Uzbekistan Transcaucasia Armenia Azerbaijan Georgia[EDITOR'S NOTE: Charts referenced to in brackets [ ] are available only in hard copy of r ... [Read More]
US Department Of State Post Report
11 1 11 111 111 U.S. Department of State Post Reports Return to Post Reports Main Menu 1 Slovak Republic Printer Friendly Version &nbs ... [Read More]
US Department Of State Post Report
Austria’s population is 8.1 million; about 1.6 million live in Vienna. As opposed to the ethnic diversity of the old empire, the present-day population is fairly homogenous. Of the six officially recognized minorities, only 2 show significant numbers: about 17,000 Croatians in Burgenland and some 15,000 Slovenes in Carinthia and Styria. In addition, significant numbers of individuals of Serbian, Bosnian, Turkish, North African, and East European origin have recently settled in the country, residing mostly in Vienna. An estimated 40,000 Bosnian refugees are residing in Austria. Many Austrians, particularly in the Vienna area, have relatives in the neighboring Czech Republic, Slovakia, and Hungary. German is the first language of about 91% of the population. ... [Read More]
Background Notes
111111-- Hungary (06/05) ... [Read More]
2004 Country Report on Human Rights Practices in Hungary
The IOM, working with other NGOs, continued a program funded by the Government and foreign donors to raise awareness of the problem of trafficking and to educate potential victims. Women's rights organizations, the IOM, the Crime Prevention Section of the National Police, and the Ministry of Youth and Sports Affairs conducted preventive programs for teenagers in schools. NANE continued to operate a hotline that provided information on trafficking-associated advertising lures and situations to alert young women. NANE, the IOM, and the Public Fund for a Safe Hungary, with funding from foreign governments, cooperated to continue and enhance the operation of the hotline. ... [Read More]
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