The objective of this paper is to point up the link between the effectiveness of the anti-laundering regulations and the characteristics of the relative compliance costs for banks, with particular attention to the bank - customer relationships. The work is organized as follows. The second...

The objective of this paper is to illustrate the link between the effectiveness of the anti‐money laundering regulations and the characteristics of the compliance costs involved for banks. The work is set out as follows. The next section describes the economic framework, which starts with the...