Non-financial reporting - a comparing analysis with a focus on anti-money laundering: evidence from Major European Banks

Abstract

This Work Project analyzes the disclosures from the largest banks in matters such as anti-money laundering in Germany, France and the United Kingdom. Directive 2014/95/EU has transformed the way that banks (exceeding 500 employees) disclose non-financial information. The findings show that the compliance level has increased from 2013 to 2017, while understandability level stood steady. The research highlights differences and similarities in disclosures of non-financial information of different banks despite common regulation. It adds to the literature a knowledge that is not limited to a specific country and offers an overview of the non-financial reporting in the Banking Sector.