Banks in Europe are under particular pressure to demonstrate they have strengthened their money-laundering detection tools. European banks are increasing investment in technology and training skilled staff to comply with anti - money loss ( AML ) regulations . Amsterdam - based ABN Amro took a provision of € 85 ##m ( $ 96.3 m ) for technology to verify customer information and detect fraudulent activity in Q4 2018 , while Frankfurt - based Commerzbank has spent € 600 m more on compliance since 2015 . The Netherlands ’ ING has also bolstered its spending on financial controls through savings elsewhere , but has not disclosed the added costs . Banks across the world have been investing in AI - based systems and training staff to meet AML regulations , said David Mix from Berkeley Research Institute .
European banks are increasing investment in technology and training skilled staff to comply with anti - money loss ( AML ) regulations . Amsterdam - based ABN Amro took a provision of € 85 ##m ( $ 96.3 m ) for technology to verify customer information and detect fraudulent activity in Q4 2018 , while Frankfurt - based Commerzbank has spent € 600 m more on compliance since 2015 . The Netherlands ’ ING has also bolstered its spending on financial controls through savings elsewhere , but has not disclosed the added costs . Banks across the world have been investing in AI - based systems and training staff to meet AML regulations , said David Mix from Berkeley Research Institute .