Overall anti-money laundering compliance costs in five European markets has increased by 21 percent over the past two years, according to a LexisNexis Risk Solutions survey.

Financial institutions expect these costs across France, Germany, Italy, Switzerland and The Netherlands to grow by a further 19 percent in 2017, while sanction compliance costs are expected to rise by 17 percent on average.

LexisNexis Risk Solutions interviewed 250 executives in charge of anti-money laundering (AML) compliance in the five European countries list...