Financial criminals are adopting increasingly sophisticated schemes, so legislators and regulators are under increasing pressure to combat money laundering.

In this opinion, Action Institute expert Paolo Gentili suggests that the recent investigations about the lack of “due diligence” against some European banks could be the beginning of a new wave of regulatory risks for the sector.
The serious money laundering scandal in Europe concerning the Estonian branch of Danske Bank should also serve as a reminder of how much damage can occur when there are serious monitoring and governance failures.

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