European banks continue to view ML/TF risk as a significant concern, with 13% identifying it as a key factor in operational risk. Macroeconomic uncertainty, driven by geopolitical tensions and political developments, remains elevated.
While slightly less prominent, the risk of laundering proceeds from fraud has risen in importance. Twenty-two percent of banks now rate it as highly significant, up from 18 percent in spring 2024.
Explore the full report: 2024 Risk Assessment of the European Banking System.