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Non-Financial Reporting: A Comparative Analysis With a Focus on the Combat Against Money Laundering – Evidence From Major European Banks

Non-Financial Reporting: A Comparative Analysis With a Focus on the Combat Against Money Laundering – Evidence From Major European Banks

Catia Nunes, Leonor Fernandes Ferreira
Copyright: © 2022 |Pages: 28
ISBN13: 9781799894100|ISBN10: 179989410X|ISBN13 Softcover: 9781799894117|EISBN13: 9781799894124
DOI: 10.4018/978-1-7998-9410-0.ch009
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MLA

Nunes, Catia, and Leonor Fernandes Ferreira. "Non-Financial Reporting: A Comparative Analysis With a Focus on the Combat Against Money Laundering – Evidence From Major European Banks." Modern Regulations and Practices for Social and Environmental Accounting, edited by Teresa Eugénio, et al., IGI Global, 2022, pp. 163-190. https://doi.org/10.4018/978-1-7998-9410-0.ch009

APA

Nunes, C. & Ferreira, L. F. (2022). Non-Financial Reporting: A Comparative Analysis With a Focus on the Combat Against Money Laundering – Evidence From Major European Banks. In T. Eugénio, G. Azevedo, & A. Fialho (Eds.), Modern Regulations and Practices for Social and Environmental Accounting (pp. 163-190). IGI Global. https://doi.org/10.4018/978-1-7998-9410-0.ch009

Chicago

Nunes, Catia, and Leonor Fernandes Ferreira. "Non-Financial Reporting: A Comparative Analysis With a Focus on the Combat Against Money Laundering – Evidence From Major European Banks." In Modern Regulations and Practices for Social and Environmental Accounting, edited by Teresa Eugénio, Graça Azevedo, and Ana Fialho, 163-190. Hershey, PA: IGI Global, 2022. https://doi.org/10.4018/978-1-7998-9410-0.ch009

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Abstract

This chapter analyzes disclosures on anti-money laundering made by the largest banks in Germany, France, and the United Kingdom. Directive 2014/95/EU has transformed the way banks with more than 500 employees disclose non-financial information. The findings show that between 2013 and 2017 compliance has increased, while understandability has remained the same. Despite the fact that a common regulation is applied, this research highlights differences and similarities in disclosures of non-financial information among banks. It adds an overview of the non-financial reporting in the banking sector to the literature, which is not limited to a specific country.

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