Stringent Regulations towards adoption of Anti-Money Laundering (AML) will Attract the Growth of the Global AML Market.

Published: Feb 2022

The global AML market is anticipated to grow at a considerable CAGR of 15.2% during the forecast period (2021-2027). Increasing stringent regulations on AML is the key factor fueling the market. There are various regulations for KYC globally. The Financial Action Task Force (FATF) is an inter-government body, which supports the countries to update and improve laws to fight money laundering. With constant growth in financial frauds, the regulations are becoming more upgraded and advanced for covering even the smallest aspects of money laundering.  For instance, in December 2021, FinCEN issued a request for information (RFI) to seek explanations on methods to restructure, modernize, and upgrade the AML and countering the financing of terrorism system of the US.  FinCEN is specifically concerned about comments on the ways to modernize the risk-based AML regulations, pursuant to the Bank Secrecy Act (BSA), to safeguard the US financial system from dangers to national security posed by several practices of financial crime. 

Browse the full report description of “Global Anti-Money Laundering (AML) Market Size, Share & Trends Analysis Report By Type (Transaction Monitoring Systems, Currency Transaction Reporting Systems, Customer Identity Management Systems, Compliance Management Software, and Others), By Deployment Type (Cloud, and On-Premises) BY End-Use (Banking & Financial Institutes, Insurance Providers, Government, Telecom & IT) Forecast Period (2021-2027).” at https://www.omrglobal.com/industry-reports/anti-money-laundering-aml-market

FinCEN encourages all the parties to submit written suggestions or reviews which will help FinCEN to identify regulations which are outdated and do not promote a risk-based AML compliance system for financial institutions and do not fit with the US commitments to meet international AML standards. As regulations are getting strict non-compliance of such regulations will attract heavy fines to non-compliant parties, owing to which the demand for AML solutions is likely to increase and ultimately AML market will grow. 

Market Coverage

The market number available for – 2020-2027

Base year- 2020

Forecast period- 2021-2027

Segment Covered- 

o By Type

o By Deployment Type

o End-Use

Regions Covered-

o North America

o Europe

o Asia-Pacific

o Rest of the World

Competitive Landscape- ACI Worldwide Inc., BAE Systems Plc, Experian Information Solutions, Inc., Fair Isaac Corp., Fenergo Ltd., Fiserv Inc., IBM Corp., Larsen & Toubro Infotech Ltd., Merlon Intelligence, Inc., Ml Verify Ltd. and others.

Key questions addressed by the report

What is the market growth rate?

Which segment and region dominate the market in the base year?

Which segment and region will project the fastest growth in the market?

How COVID-19 impacted the market?

o Deviation from the pre-COVID-19 forecast

o Most affected region and segment

Who is the leader in the market?

How are players addressing challenges to sustain growth?

Where is the investment opportunity?

Global AML Market Report by Segment 

By Type

  • Transaction Monitoring Systems
  • Currency Transaction Reporting Systems
  • Customer Identity Management Systems
  • Compliance Management Software
  • Others

By Deployment Type

  • Cloud
  • On-Premises

By End-Use

  • Banking & Financial Institutes
  • Insurance Providers 
  • Government
  • Telecom & IT 

Global AML Market Report by Region

North America

United States

Canada

Europe

UK

Germany

Italy

Spain

France

Rest of Europe 

Asia-Pacific

China

India

Japan

South Korea

Rest of Asia-Pacific 

Rest of the World

Latin America 

Middle East & Africa


To learn more about this report request a free sample copy @ https://www.omrglobal.com/request-sample/anti-money-laundering-aml-market