In addition to increasing regulatory and reputational pressure, European financial institutions are facing compounding costs to combat money laundering.

Germany leads the compliance spending pack by a wide margin, with France and Italy in tow. 

These costs beg the questions: 

  • How effective are the results of increased compliance spending? 
  • Are firms simply throwing money at risk problems in hopes of making them disappear?
  • With the increased emphasis on technology compliance solutions, are institutions applying the right tools to the core money laundering problems?