BY PAUL O’DONOGHUE, Senior Correspondent
HUNGARY’S central bank has fined two of the country’s largest lender’s due to issues with their AML/CTF compliance.
Magyar Nemzeti Bank (MNB), said it handed out penalties worth a combined HUF 43 million to OTP Bank and MBH Bank a total of over HUF 43 million ($106,183). OTP is the largest commercial bank in Hungary and one of the largest in central and eastern Europe, while MBH is the nation’s second-biggest commercial lender.
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