Global Anti Money Laundering Market
The GMI Research forecasts that the Anti Money Laundering Market is witnessing an upsurge in demand over the forecast period. This is mainly due to their growing implementation to detect suspicious transactions and customer data.
Introduction of the Anti Money Laundering Market
Anti-money laundering (AML) refers to the rules, regulations and procedures intended to prevent criminals from disguising illegally procured funds as legitimate income. The market covers various types, including solutions and services (professional services and managed services).
Key Players of the Global Anti Money Laundering Market:
- ACI Worldwide
- BAE Systems
- Experian Information Solutions, Inc.
- LexisNexis Risk Solutions Groups
- SAS Institute Inc.
- Fiserv, Inc.
Anti Money Laundering Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Anti money laundering market is gaining huge prominence primarily because of the augmenting adoption of this software to detect customer data and dubious transactions by them owing to the increasing cases of money laundering. The software uses data collected from various solutions that are employed to manage financial transactions, including accounting software and ERP systems, to decrease money laundering activities. Furthermore, financial institutions are expected to follow certain specific norms provided by the government, which is further strengthening the market size. For example, the Bank Secrecy Act of the U.S. aims to launch an effective compliance program along with customer due diligence programs and systems. The banks are also expected to fabricate an efficient "suspicious activity reporting and monitoring" process to screen against the Office of Foreign Assets Control sanctions. In addition, it provides the users with better performance in visualizing, monitoring, and resolving incidents. As per the Anti money laundering market research, the solution offers various beneficial advantages such as improved and faster risk protection and better efficiency in resolving these cases. However, the surging complications of AML solutions which curbs their potential of early detection of duplicitous activities, will hamper the Anti money laundering market share.
Anti Money Laundering Market Segmentation:
Segmentation by Component
Segmentation by Deployment Mode
Segmentation by Organization Size
· Small and Medium-sized enterprises
· Large Enterprises
Segmentation by End User
· Banking and Financial
· Insurance Providers
· Gaming and Gambling
Segmentation by Region:
- North America
- United States of America
- Asia Pacific
- Rest of APAC
- United Kingdom
- Rest of Europe
- South Africa
- Saudi Arabia
- Rest of the world (remaining countries of the LAMEA region)
About GMI Research
GMI Research is a market research and consulting company that offers business sights and market research reports for every enterprise, including small & medium enterprises and large organizations. Our research team helps the clients to understand the impact of market dynamics such as market size, share, drivers, growth opportunities, and other aspects. We have a team of analysts and industry experts who conduct market intelligence studies to ensure relevant and fact-based research across a wide range of sectors such as FMCG, Technology, Energy, Healthcare, and other industries. We collect relevant information about the industry using both internal and external databases. Our main focus is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.
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