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Anti Money Laundering Tools Market

Anti Money Laundering Tools Market

Anti-Money Laundering Tools Market- Global Industry Size, Share, Trend Analysis, Outlook, Growth, Opportunity and Forecast, 2018-2030, Segmented By Component (Software, Services); By organization Size (Small and Medium Enterprises (SMEs), Large Enterprises); By Deployment (Cloud, On-Premise); By Solution (Transaction Monitoring, Currency Transaction Reporting, Customer Identity Management, Compliance Management); By End-User Industry (IT and Telecommunications, Healthcare, BFSI, Transportation & Logistics, Manufacturing, Government Bodies, Retail, Energy & Utilities, and Others); By Region (North America, Europe, the Asia-Pacific, the Middle East & Africa, and Latin America)

  • Published Date: January 2022
  • Report ID: BWC22030
  • Available Format: PDF
  • Page: 199

Report Overview

The global anti-money laundering tools market is anticipated to grow owing to the rising number of government policies to tackle money laundering cases including, anti-corruption strategies. Additionally, a growing number of suspicious activities around the world are bolstering the demand for anti-money laundering tools, thereby strengthening the market.

Global Anti-Money Laundering Tools Market - Industry Trends & Forecast Report 2030

The global anti-money laundering tools market was worth USD 2,133.2 million in 2021. The market is further expected to reach USD 8,844.3 million by 2030 at a CAGR of 17.58% during the forecast period (2022-2030). The global anti-money laundering tools market is expanding as a result of more stringent anti money laundering (AML) regulations and compliances, increased focus of financial institutions on digital payment-related issues, and the need for a holistic view of data to combat financial crimes.

Anti Money Laundering Tools Market

Anti-Money Laundering Overview

Anti-Money Laundering, or AML, is a terminology used around the globe to describe a system of laws and regulations designed to prevent criminals from passing off illicitly acquired funds as legitimate profits. Financial institutions such as banks, investment firms, and real estate companies are mandated by AML law to proactively monitor their customers to avoid money laundering and corruption. Such laws also go for market manipulations, illegal trading of goods, frauds using public funding and tax evasion. AML tools are used in banks, credit unions, insurance companies, and other regulated entities to prevent or report money laundering activities. AML solutions finds application in a range of aspects, including banking, financial services and insurance (BFSI), information technology, defense, and retail, due to the benefits they offer.

Global Anti-Money Laundering Tools Market Trend

Growth Drivers

Non-compliance with anti-money laundering (AML) regulations

As governments and regulatory bodies seek to regulate the growing issue of money laundering, anti-money laundering regulations are becoming more complex and stringent. According to the United Nations Office on Drugs and Crime (UNODC), money laundering accounts for 2-5% of global GDP, or USD 800 billion to USD 2 trillion, in a single year. The total amount of money that goes through the laundering cycle is difficult to estimate due to the stealthy nature of money laundering. As regulations get more stringent and complex, compliance becomes more difficult, fueling demand for anti-money laundering tools, which is turn leads to the growth of the global anti-money laundering tools market ahead.

Increasing cases of money laundering

Over the last decade, penalties totalling more than USD 26 billion have been issued for non-compliance with AML. Both developed and developing economies have reported large money laundering cases and fines. Money laundering fines increased dramatically in 2020, according to anti-money laundering experts, as financial crimes surged amid the coronavirus pandemic. In 2020, authorities issued USD 2.2 billion in fines, which was five times more than the figure for 2019. These huge losses are driving financial institutions to comply with regulatory requirements, which in turn is encouraging the adoption of anti-money laundering (AML) tools in the global anti-money laundering tools market.

Restraints

Increased complexities of AML solutions

Various regulatory requirements require financial institutions to detect and report consumers who engage in fraudulent activity in different countries. Despite the adoption of AML technologies, it is difficult to detect frauds because of the growing incidence of sophisticated attacks, such as phishing, card fraud, skimming, identity frauds, money laundering, investment frauds, terrorism funding, and sanctions violations. Banks nowadays utilize a variety of processes and technology solutions to consolidate KYC data and systems into a single repository in order to comply with AML regulations. Other sophisticated procedures are also involved, such as banks creating infrastructure for cross-channel detection of suspicious activities, improving data quality, and standardizing data to enable a centralized analysis of frauds and financial crimes. To prevent false alarms, banks must assess customer risks manually or automatically, and modify risk levels accordingly. At the same time, enterprises are incorporating technologies such as Artificial Intelligence and Machine Learning to minimize the complexities associated with these operations. The market for AML tools is however hindered by the inability to detect fraud early.

Impact of COVID-19 – Global Anti-Money Laundering Tools Market

The COVID-19 pandemic has devastated economies around the world, causing some organizations to shut down temporarily upon government orders. Because of this, organizations suffered from reduced transparency, which resulted in more hidden operations, which increased the chances of money laundering. According to the Financial Action Task Force, there were some cases reported across Brazil from April to November 2020, wherein the Federal Police of Brazil carried out over 56 police operations spanning across 17 different states of Brazil, which were reported to be related to acts of corruption as well as misuse of public resources, along with money laundering. Mobile payments during the pandemic may have altered the picture, as cash is still the biggest source of money laundering.

Global Anti-Money Laundering Tools Market: By Component

Based on components, the global anti-money laundering tools market is categorized into software and services. The software segment acquired the largest share in the market in 2021. Anti-money laundering software assists companies to adhere to the legal requirements set forth by government entities. Furthermore, AML software aid in the prevention and detection of financial crimes. Customer onboarding can also be sped up with such software. However, the services segment of the anti-money laundering market is expected to increase at the fastest rate during the forecast period. Anti-money laundering services include risk rating methodology consultancy, regulatory assistance, system optimization and tuning, risk assessments, as well as training. Training is offered to help employees understand the different anti-money laundering regulations relevant to their industry, which will likely drive the segment’s growth.

Anti Money Laundering Tools Market Share

Global Anti-Money Laundering Tools Market: By Deployment

Based on deployment, the global anti-money laundering tools market is divided into cloud and on-premise segments. The on-premise segment registered the highest share in the overall market in 2021. On-premise anti-money laundering solutions deployed provides enterprises with complete control over applications, platforms, data, and systems, all of which can be easily controlled by the organization's in-house IT staff. At the same time, demand for the segment is high in enterprises where user credentials are crucial for business operations. To keep them protected from malicious threats, companies increasingly deploy on-premise anti-money laundering software. However, the cloud segment is expected to grow at the fastest CAGR during the forecast period i.e., 2022-2030.

Global Anti-Money Laundering Tools Market: Regional Insights

Geographically, the global anti-money laundering tools market is categorized into North America, Europe, the Asia-Pacific, the Middle East & Africa, and Latin America. North America will continue to lead the global anti-money laundering tools market throughout the forecast period, owing to the presence of key end-user industries and the growing market competition among them.  In contrast, Asia-Pacific is expected to be the fastest-growing region during the forecast period due to its early adoption of new technologies. Regulatory changes, such as the implementation of AMLD5, GDPR, and PCI DSS, along with emerging trends related to trade-based money laundering and virtual currencies, including an increase in the nonbank financial sector and nonfinancial profession, will drive the demand for AML solutions in Asia-Pacific.

Global Anti-Money Laundering Tools Market- Competitive Landscape

Some of the key players in the global anti-money laundering tools market are SAS Institute Inc., AML Partners, Experian PLC, Fiserv Inc., Oracle Corporation, BAE Systems, Eastnets Holding Ltd., LexisNexis Risk Solutions, Truth Technologies, Wolter Kluber N.V., and other prominent players. The companies operating in the global anti-money laundering tools market consistently launch new products & technologies, besides providing cost-effective services to stay ahead of the pack. Additionally, they, collaborate with government & other organizations, and indulge in mergers & acquisitions to gain an advantage over other players operating in the global anti-money laundering tools market.

Scope of the Report:

Attribute

Details

Years Considered

Historical data – 2018-2021

Base Year – 2021

Forecast – 2022 – 2030

Facts Covered

Revenue in USD Million

Market Coverage

U.S, Canada, Germany, UK, France, Italy, Spain, Brazil, Argentina, Mexico, Japan, South Korea, China, India, UAE, South Africa, Saudi Arabia

Power Type/Service Segmentation

By component, organization size, deployment, solution, end-user industry, and region

Key Players

Some of the key players include SAS Institute Inc., AML Partners, Experian PLC, Fiserv Inc., Oracle Corporation, BAE Systems, Eastnets Holding Ltd., LexisNexis Risk Solutions, Truth Technologies, Wolter Kluber N.V., and other prominent players

 

By Component

  • Software

  • Services

By Organization Size

  • Small and Medium Enterprises (SMEs)

  • Large Enterprises

By Deployment

  • Cloud

  • On-Premise

By Solution

  • Transaction Monitoring

  • Currency Transaction Reporting

  • Customer Identity Management

  • Compliance Management

By End-User Industry

  • IT and Telecommunications

  • Healthcare

  • BFSI

  • Transportation & Logistics

  • Manufacturing, Government Bodies

  • Retail

  • Energy & Utilities

  • Others

By Region

  • North America

  • Europe

  • The Asia-Pacific

  • Latin America

  • The Middle East & Africa

  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Market Segmentation
  2. Research Methodology
    1. Qualitative Research
      1. Primary and Secondary Research
    2. Quantitative Research
      1. Primary and Secondary Research
    3. Breakdown of Primary Research Respondents
      1. Secondary Research
      2. Primary Research
    4. Breakdown of Primary Research Respondents, By Industry Participants
    5. Market Breakdown & Data Triangulation
  3. Executive Summary
  4. Global Anti-Money Laundering Tools Market - Industry Insights
    1. Industry Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
    3. Porter's Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
    4. Recent Development/Technological Advancements
    5. Regulatory Framework
  5. Global Anti-Money Laundering Tools Market Overview
    1. Market Size & Forecast by Value, 2018-2030
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Component
        1. Software
        2. Service
      2. By Solutions
        1. Transaction Monitoring
        2. Currency Transaction Reporting
        3. Customer Identity Management
        4. Compliance Management
      3. By Deployment
        1. On-premise
        2. Cloud
      4. By Organization Size
        1. SME
        2. Large Organization
      5. By End-Use Industry
        1. IT and Telecommunications
        2. Healthcare
        3. BFSI
        4. Transportation & Logistics
        5. Manufacturing
        6. Government Bodies
        7. Retail
        8. Energy & Utilities
        9. Others
      6. By Region
        1. North America
        2. Europe
        3. The Asia-Pacific
        4. Latin America
        5. The Middle East & Africa
  6. North America Anti-Money Laundering Tools Market Overview
    1. Market Size & Forecast by Value, 2018-2030
      1. By Value (USD Million)
    2. Market Share & Forecast
        1. By Component
        2. By Solutions
        3. By Deployment
        4. By Organization
        5. By End-Use Industry
        6. By Country
          1. U.S.
          2. Canada
  7. Europe Anti-Money Laundering Tools Market Overview
    1. Market Size & Forecast by Value, 2018-2030
      1. By Value (USD Million)
    2. Market Share & Forecast
        1. By Component
        2. By Solutions
        3. By Deployment
        4. By Organization
        5. By End-Use Industry
        6. By Country
          1. Germany
          2. France
          3. UK
          4. Spain
          5. Italy
          6. Rest of Europe
  8. The Asia-Pacific Anti-Money Laundering Tools Market Overview
    1. Market Size & Forecast by Value, 2018-2030
      1. By Value (USD Million)
    2. Market Share & Forecast
        1. By Component
        2. By Solutions
        3. By Deployment
        4. By Organization
        5. By End-Use Industry
        6. By Country
          1. China
          2. India
          3. Japan
          4. South Korea
          5. Rest of Asia-Pacific
  9. Latin America Anti-Money Laundering Tools Market Overview
    1. Market Size & Forecast by Value, 2018-2030
      1. By Value (USD Million)
    2. Market Share & Forecast
        1. By Component
        2. By Solutions
        3. By Deployment
        4. By Organization
        5. By End-Use Industry
        6. By Country
          1. Argentina
          2. Brazil
          3. Mexico
          4. Rest of Latin America
  10. The Middle East & Africa Anti-Money Laundering Tools Market Overview
    1. Market Size & Forecast by Value, 2018-2030
      1. By Value (USD Million)
    2. Market Share & Forecast
        1. By Component
        2. By Solutions
        3. By Deployment
        4. By Organization
        5. By End-Use Industry
        6. By Country
          1. Saudi Arabia
          2. UAE
          3. South Africa
          4. Rest of Middle East & Africa
  11. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Market Share Analysis (2021)
    3. Competitive Benchmarking by Operating Parameters
  12. Impact of COVID-19 on Global Anti-Money Laundering Tools Market
  13. Company Profiles (Company Overview, Financial Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) *
    1. SAS Institute Inc.
    2. AML Partners
    3. Experian PLC
    4. Fiserv Inc.
    5. BAE SYSTEMS
    6. Oracle Corporation
    7. Eastnets Holding Ltd.
    8. LexisNexis Risk Solutions
    9. Truth Technologies Inc.
    10. Wolter Kluber N.V.
  14. Key Strategic Recommendations

 

List of Figures

 

Fig 1: Global Anti-Money Laundering Tools Market Segmentation

Fig 2: Global Anti-Money Laundering Tools Market Size, By Value (USD million)

Fig 3: Global Anti-Money Laundering Tools Market, By Component, By Value (In %), 2021

Fig 4: Global Anti-Money Laundering Tools Market Industry Value Chain Analysis

Fig 5: Porters Five Forces Analysis

Fig 6: Global Anti-Money Laundering Tools Market Size, By Value (USD million), 2018-2030

Fig 7: Global Anti-Money Laundering Tools Market Share (%), By Component, By Value, 2018-2030

Fig 8: Global Anti-Money Laundering Tools Market Share (%), By Solution, By Value, 2018-2030

Fig 9: Global Anti-Money Laundering Tools Market Share (%), By Deployment, By Value, 2018-2030

Fig 10: Global Anti-Money Laundering Tools Market Share (%), By Organization Size, By Value, 2018-2030

Fig 11: Global Anti-Money Laundering Tools Market Share (%), By End-User Industry, By Value, 2018-2030

Fig 12: Global Anti-Money Laundering Tools Market Share (%), By Region, By Value, 2018-2030 

Fig 13: North America Anti-Money Laundering Tools Market Size, By Value (USD million), 2018-2030

Fig 14: North America Anti-Money Laundering Tools Market Share (%), By Component, By Value, 2018-2030

Fig 15: North America Anti-Money Laundering Tools Market Share (%), By Solution, By Value, 2018-2030

Fig 16: North America Anti-Money Laundering Tools Market Share (%), By Deployment, By Value, 2018-2030

Fig 17: North America Anti-Money Laundering Tools Market Share (%), By Organization Size, By Value, 2018-2030

Fig 18: North America Anti-Money Laundering Tools Market Share (%), By End-User Industry, By Value, 2018-2030

Fig 19: North America Anti-Money Laundering Tools Market Share (%), By Country, By Value, 2018-2030 

Fig 20: Europe Anti-Money Laundering Tools Market Size, By Value (USD million), 2018-2030

Fig 21: Europe Anti-Money Laundering Tools Market Share (%), By Component, By Value, 2018-2030

Fig 22: Europe Anti-Money Laundering Tools Market Share (%), By Solution, By Value, 2018-2030

Fig 23: Europe Anti-Money Laundering Tools Market Share (%), By Deployment, By Value, 2018-2030

Fig 24: Europe Anti-Money Laundering Tools Market Share (%), By Organization Size, By Value, 2018-2030

Fig 25: Europe Anti-Money Laundering Tools Market Share (%), By End-User Industry, By Value, 2018-2030

Fig 26: Europe Anti-Money Laundering Tools Market Share (%), By Country, By Value, 2018-2030 

Fig 27: Asia-Pacific Anti-Money Laundering Tools Market Size, By Value (USD million), 2018-2030

Fig 28: Asia-Pacific Anti-Money Laundering Tools Market Share (%), By Component, By Value, 2018-2030

Fig 29: Asia-Pacific Anti-Money Laundering Tools Market Share (%), By Solution, By Value, 2018-2030

Fig 30: Asia-Pacific Anti-Money Laundering Tools Market Share (%), By Deployment, By Value, 2018-2030

Fig 31: Asia-Pacific Anti-Money Laundering Tools Market Share (%), By Organization Size, By Value, 2018-2030

Fig 32: Asia-Pacific Anti-Money Laundering Tools Market Share (%), By End-User Industry, By Value, 2018-2030

Fig 33: Asia-Pacific Anti-Money Laundering Tools Market Share (%), By Country, By Value, 2018-2030 

Fig 34: Latin America Anti-Money Laundering Tools Market Size, By Value (USD million), 2018-2030

Fig 35: Latin America Anti-Money Laundering Tools Market Share (%), By Component, By Value, 2018-2030

Fig 36: Latin America Anti-Money Laundering Tools Market Share (%), By Solution, By Value, 2018-2030

Fig 37: Latin America Anti-Money Laundering Tools Market Share (%), By Deployment, By Value, 2018-2030

Fig 38: Latin America Anti-Money Laundering Tools Market Share (%), By Organization Size, By Value, 2018-2030

Fig 39: Latin America Anti-Money Laundering Tools Market Share (%), By End-User Industry, By Value, 2018-2030

Fig 40: Latin America Anti-Money Laundering Tools Market Share (%), By Country, By Value, 2018-2030 

Fig 41: Middle East & Africa Anti-Money Laundering Tools Market Size, By Value (USD million), 2018-2030

Fig 42: Middle East & Africa Anti-Money Laundering Tools Market Share (%), By Component, By Value, 2018-2030

Fig 43: Middle East & Africa Anti-Money Laundering Tools Market Share (%), By Solution, By Value, 2018-2030

Fig 44: Middle East & Africa Anti-Money Laundering Tools Market Share (%), By Deployment, By Value, 2018-2030

Fig 45: Middle East & Africa Anti-Money Laundering Tools Market Share (%), By Organization Size, By Value, 2018-2030

Fig 46: Middle East & Africa Anti-Money Laundering Tools Market Share (%), By End-User Industry, By Value, 2018-2030

Fig 47: Middle East & Africa Anti-Money Laundering Tools Market Share (%), By Country, By Value, 2018-2030 

Fig 48: Global Anti-Money Laundering Tools Market Company Market Share Analysis, 2021

 

List of Tables

 

Table 1: Global Anti-Money Laundering Tools Market Size (USD million), By Component, By Value, 2018-2030

Table 2: Global Anti-Money Laundering Tools Market Size (USD million), By Solution, By Value, 2018-2030

Table 3: Global Anti-Money Laundering Tools Market Size (USD million), By Deployment, By Value, 2018-2030

Table 4: Global Anti-Money Laundering Tools Market Size (USD million), By Organization Size, By Value, 2018-2030

Table 5: Global Anti-Money Laundering Tools Market Size (USD million), By End-User Industry, By Value, 2018-2030

Table 6: Global Anti-Money Laundering Tools Market Size. By Region, By Value (USD million), 2018-2030 

Table 7: North America Anti-Money Laundering Tools Market Size (USD million), By Component, By Value, 2018-2030

Table 8: North America Anti-Money Laundering Tools Market Size (USD million), By Solution, By Value, 2018-2030

Table 9: North America Anti-Money Laundering Tools Market Size (USD million), By Deployment, By Value, 2018-2030

Table 10: North America Anti-Money Laundering Tools Market Size (USD million), By Organization Size, By Value, 2018-2030

Table 11: North America Anti-Money Laundering Tools Market Size (USD million), By End-User Industry, By Value, 2018-2030

Table 12: North America Anti-Money Laundering Tools Market Size. By Region, By Value (USD million), 2018-2030 

Table 13: Europe Anti-Money Laundering Tools Market Size (USD million), By Component, By Value, 2018-2030

Table 14: Europe Anti-Money Laundering Tools Market Size (USD million), By Solution, By Value, 2018-2030

Table 15: Europe Anti-Money Laundering Tools Market Size (USD million), By Deployment, By Value, 2018-2030

Table 16: Europe Anti-Money Laundering Tools Market Size (USD million), By Organization Size, By Value, 2018-2030

Table 17: Europe Anti-Money Laundering Tools Market Size (USD million), By End-User Industry, By Value, 2018-2030

Table 18: Europe Anti-Money Laundering Tools Market Size. By Region, By Value (USD million), 2018-2030 

Table 19: Asia-Pacific Anti-Money Laundering Tools Market Size (USD million), By Component, By Value, 2018-2030

Table 20: Asia-Pacific Anti-Money Laundering Tools Market Size (USD million), By Solution, By Value, 2018-2030

Table 21: Asia-Pacific Anti-Money Laundering Tools Market Size (USD million), By Deployment, By Value, 2018-2030

Table 22: Asia-Pacific Anti-Money Laundering Tools Market Size (USD million), By Organization Size, By Value, 2018-2030

Table 23: Asia-Pacific Anti-Money Laundering Tools Market Size (USD million), By End-User Industry, By Value, 2018-2030

Table 24: Asia-Pacific Anti-Money Laundering Tools Market Size. By Region, By Value (USD million), 2018-2030 

Table 25: Latin America Anti-Money Laundering Tools Market Size (USD million), By Component, By Value, 2018-2030

Table 26: Latin America Anti-Money Laundering Tools Market Size (USD million), By Solution, By Value, 2018-2030

Table 27: Latin America Anti-Money Laundering Tools Market Size (USD million), By Deployment, By Value, 2018-2030

Table 28: Latin America Anti-Money Laundering Tools Market Size (USD million), By Organization Size, By Value, 2018-2030

Table 29: Latin America Anti-Money Laundering Tools Market Size (USD million), By End-User Industry, By Value, 2018-2030

Table 30: Latin America Anti-Money Laundering Tools Market Size. By Region, By Value (USD million), 2018-2030 

Table 31: Middle East & Africa Anti-Money Laundering Tools Market Size (USD million), By Component, By Value, 2018-2030

Table 32: Middle East & Africa Anti-Money Laundering Tools Market Size (USD million), By Solution, By Value, 2018-2030

Table 33: Middle East & Africa Anti-Money Laundering Tools Market Size (USD million), By Deployment, By Value, 2018-2030

Table 34: Middle East & Africa Anti-Money Laundering Tools Market Size (USD million), By Organization Size, By Value, 2018-2030

Table 35: Middle East & Africa Anti-Money Laundering Tools Market Size (USD million), By End-User Industry, By Value, 2018-2030

Table 36: Middle East & Africa Anti-Money Laundering Tools Market Size. By Region, By Value (USD million), 2018-2030 

Table 37: List of Key Players and Their Offerings

Table 38: Competitive Benchmarking, By Operating Parameters

Table 39: SAS Institute Inc., Business Overview

Table 40: AML Partners Business Overview

Table 41: Experian plc., Business Overview

Table 42: Experian plc., Financial Analysis (USD Million)

Table 43: Fiserv Inc., Business Overview

Table 44: Fiserv Inc., Financial Analysis (USD Million)

Table 45: BAE Systems Business Overview

Table 46: BAE Systems Financial Analysis (USD Million)

Table 47: Oracle Corporation Business Overview

Table 48: Oracle Financial Services Financial Analysis (USD Million)

Table 49: Eastnets Holding Ltd., Business Overview

Table 50: LexisNexis Risk Solutions Group Overview

Table 51: Truth Technologies Inc. Company Overview

Table 52: Wolters Kluwer N.V. Business Overview

Table 53: Wolters Kluwer N.V. Financial Analysis (USD Million)

Market Segmentation

By Component

  • Software
  • Services

By Organization Size

  • Small and Medium Enterprises (SMEs)
  • Large Enterprises

By Deployment

  • Cloud
  • On-Premise

By Solution

  • Transaction Monitoring
  • Currency Transaction Reporting
  • Customer Identity Management
  • Compliance Management

By End-User Industry

  • IT and Telecommunications
  • Healthcare
  • BFSI
  • Transportation & Logistics
  • Manufacturing, Government Bodies
  • Retail
  • Energy & Utilities
  • Others

By Region

  • North America
  • Europe
  • The Asia-Pacific
  • Latin America
  • The Middle East & Africa
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Frequently Asked Questions (FAQs):

Ans: The global anti-money laundering tools market reached USD 2,133.2 million in 2021.
Ans: The major factors driving the growth of the global anti-money laundering tools market are the Non-compliance with stringent AML regulations, focus of financial institutions on digital payment-related issues, and others.
Ans: The key players in the global anti-money laundering tools market SAS Institute Inc., AML Partners, Experian PLC, Fiserv Inc., Oracle Corporation, BAE Systems, Eastnets Holding Ltd., LexisNexis Risk Solutions, Truth Technologies, Wolter Kluber N.V., and other prominent players.
Ans: The cloud segment accounted for the fastest CAGR in the global anti-money laundering tools market.
Ans: North America accounted for the largest share in the global anti-money laundering tools market.