Publication: Magyar Közlöny
Issue: MK-2005-156 (Year: 2005, Number: 156)
Era: 2004-2010
Section: 
Paragraph Index: 147

1. Wit ho ut pre ju di ce to ar tic le 14 of this Con ven ti on, each Sta te Party shall take such me a su res as may be ne ces sa ry, in ac cor dan ce with its do mes tic law, to re qu i re fi nan ci al ins ti tu ti ons wit hin its ju ris dic ti on to ve ri fy the iden tity of cus to mers, to take re a so nab le steps to de ter mi ne the iden tity of be ne fi ci al ow ners of funds de po si ted into high-va lue ac co unts and to con duct en han ced scru tiny of ac co unts so ught or ma in ta i ned by or on be half of in di vi du als who are, or have been, ent rus ted with pro mi nent pub lic func ti ons and the ir fa mily mem bers and clo se as so ci a tes. Such en han ced scru tiny shall be re a so nably de sig ned to de tect sus pi ci o us tran sac ti ons for the pur po se of re port ing to com pe tent aut ho ri ti es and sho uld not be so construed as to discourage or prohibit financial institutions from doing business with any legitimate customer.

Source: https://magyarkozlony.hu/hivatalos-lapok/df153fcf49b596fdf8f9407cf5890c5dd8c5d595/dokumentumok/a1bfd083350df9a591c67448fde603155f6830c3/letoltes