Market Overview:
The global anti-money laundering market is expected to grow at a CAGR of 9.5% from 2018 to 2030. The growth of the market can be attributed to the increasing instances of money laundering and terrorist financing activities across the globe. In addition, the stringent regulations and norms by regulatory authorities for curbing such activities are also fueling the growth of this market. The global anti-money laundering market is segmented on the basis of type, application, and region. On the basis of type, it is segmented into bank, insurance company, financial institution, and others. On the basis of application, it is segmented into transaction monitoring, CTR (currency transaction reporting), customer identity management (CIM), compliance management (CM), and others.
Product Definition:
Money laundering is the process of transforming the profits of crime and corruption into ostensibly legitimate assets. Anti-money laundering (AML) is a term used to describe a set of procedures, laws and regulations designed to prevent criminals from disguising the origins of their money, and to protect financial institutions from being used to launder money.
Bank:
Bank is a financial service provider, which collects money from the customer and makes sure that the funds are available in the account of the customer when requested. Banks have different products and services for different types of customers such as personal, small business or corporate. The banks also offer various accounts like checking account, savings account etc., depending upon one’s requirement.
The global anti-money laundering market size was valued at USD 2 billion in 2015.
Insurance Company:
An insurance company is a bilateral contract between an insurer (or an insurance provider) and an insured person or another party that involves the transfer of financial risk by the former to the latter in exchange for payment by the latter. The primary goal of any insurance transaction is to transfer risk so that both parties receive compensation should either side of the contract be breached.
Application Insights:
The others segment includes fraud management, risk assessment and monitoring, internal controls, and compliance training & education. The anti-money laundering compliance management system is expected to witness significant growth over the forecast period owing to its inherent ability to identify suspicious activity and prevent money laundering activities.
Anti-money laundering systems are widely used across financial institutions for transaction monitoring as well as customer due diligence/risk assessment and monitoring of cash transactions (involving proceeds from crime). The growing use of anti-money laundering solutions by banks has resulted in the establishment of a robust network across the globe for sharing information on potential criminal activities with government agencies or other banks. This has led to an overall improvement in AML regulatory standards over recent years.
Increasing efforts by governments worldwide against money launderers have resulted in greater adoption of AML software solutions that assist financial institutions with effective implementation and administration of these software programs throughout the world.
Regional Analysis:
The Asia Pacific region is expected to emerge as the fastest-growing regional market over the forecast period. The growth can be attributed to increasing money laundering activities in countries, such as India and China. These countries have a large number of financial institutions that offer a wide range of services, thereby making it easier for criminals to launder money. Moreover, these countries are home to some of the largest commodities markets globally; hence there is an increased risk of fraud and theft from commodity transactions which could potentially lead to laundered funds being channeled back into the economy undetected.
In addition, several international terrorist organizations are known or believed by various governments across the globe (and their intelligence agencies)to operate primarily within South East Asian nations including Indonesia, Malaysia.
Growth Factors:
- Increasing awareness about the consequences of money laundering and terrorist financing activities among individuals, businesses, and other organizations
- The increasing number of regulatory requirements for anti-money laundering compliance by banks and other financial institutions
- The increasing number of enforcement actions taken by regulators against banks and other financial institutions for violations of anti-money laundering regulations
- The increasing use of technology to identify and track suspicious transactions
- The growing concern about the use of cryptocurrencies for money laundering
Scope Of The Report
Report Attributes
Report Details
Report Title
Anti-money Laundering Market Research Report
By Type
Bank, Insurance Company, Financial Institution
By Application
Transaction Monitoring, CTR, Customer Identity Management, Compliance Management, Others
By Companies
Oracle, Thomson Reuters, Fiserv, SAS, SunGard, Experian, ACI Worldwide, Tonbeller, Banker's Toolbox, Nice Actimize, CS&S, Ascent Technology Consulting, Targens, Verafin, EastNets, AML360, Aquilan, AML Partners, Truth Technologies, Safe Banking Systems
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
237
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Anti-money Laundering Market Report Segments:
The global Anti-money Laundering market is segmented on the basis of:
Types
Bank, Insurance Company, Financial Institution
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Transaction Monitoring, CTR, Customer Identity Management, Compliance Management, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Oracle
- Thomson Reuters
- Fiserv
- SAS
- SunGard
- Experian
- ACI Worldwide
- Tonbeller
- Banker's Toolbox
- Nice Actimize
- CS&S
- Ascent Technology Consulting
- Targens
- Verafin
- EastNets
- AML360
- Aquilan
- AML Partners
- Truth Technologies
- Safe Banking Systems
Highlights of The Anti-money Laundering Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Bank
- Insurance Company
- Financial Institution
- By Application:
- Transaction Monitoring
- CTR
- Customer Identity Management
- Compliance Management
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Anti-money Laundering Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Anti-money laundering (AML) is a regulatory framework that aims to prevent the misuse of financial systems for criminal purposes. AML procedures are designed to identify and track the movement of money across borders, detect suspicious activity, and take action if necessary.
Some of the major players in the anti-money laundering market are Oracle, Thomson Reuters, Fiserv, SAS, SunGard, Experian, ACI Worldwide, Tonbeller, Banker's Toolbox, Nice Actimize, CS&S, Ascent Technology Consulting, Targens, Verafin, EastNets, AML360, Aquilan, AML Partners, Truth Technologies, Safe Banking Systems.
The anti-money laundering market is expected to grow at a compound annual growth rate of 9.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Anti-money Laundering Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Anti-money Laundering Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Anti-money Laundering Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Anti-money Laundering Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Anti-money Laundering Market Size & Forecast, 2018-2028 4.5.1 Anti-money Laundering Market Size and Y-o-Y Growth 4.5.2 Anti-money Laundering Market Absolute $ Opportunity
Chapter 5 Global Anti-money Laundering Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Anti-money Laundering Market Size Forecast by Type
5.2.1 Bank
5.2.2 Insurance Company
5.2.3 Financial Institution
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Anti-money Laundering Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Anti-money Laundering Market Size Forecast by Applications
6.2.1 Transaction Monitoring
6.2.2 CTR
6.2.3 Customer Identity Management
6.2.4 Compliance Management
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Anti-money Laundering Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Anti-money Laundering Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Anti-money Laundering Analysis and Forecast
9.1 Introduction
9.2 North America Anti-money Laundering Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Anti-money Laundering Market Size Forecast by Type
9.6.1 Bank
9.6.2 Insurance Company
9.6.3 Financial Institution
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Anti-money Laundering Market Size Forecast by Applications
9.10.1 Transaction Monitoring
9.10.2 CTR
9.10.3 Customer Identity Management
9.10.4 Compliance Management
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Anti-money Laundering Analysis and Forecast
10.1 Introduction
10.2 Europe Anti-money Laundering Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Anti-money Laundering Market Size Forecast by Type
10.6.1 Bank
10.6.2 Insurance Company
10.6.3 Financial Institution
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Anti-money Laundering Market Size Forecast by Applications
10.10.1 Transaction Monitoring
10.10.2 CTR
10.10.3 Customer Identity Management
10.10.4 Compliance Management
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Anti-money Laundering Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Anti-money Laundering Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Anti-money Laundering Market Size Forecast by Type
11.6.1 Bank
11.6.2 Insurance Company
11.6.3 Financial Institution
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Anti-money Laundering Market Size Forecast by Applications
11.10.1 Transaction Monitoring
11.10.2 CTR
11.10.3 Customer Identity Management
11.10.4 Compliance Management
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Anti-money Laundering Analysis and Forecast
12.1 Introduction
12.2 Latin America Anti-money Laundering Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Anti-money Laundering Market Size Forecast by Type
12.6.1 Bank
12.6.2 Insurance Company
12.6.3 Financial Institution
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Anti-money Laundering Market Size Forecast by Applications
12.10.1 Transaction Monitoring
12.10.2 CTR
12.10.3 Customer Identity Management
12.10.4 Compliance Management
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Anti-money Laundering Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Anti-money Laundering Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Anti-money Laundering Market Size Forecast by Type
13.6.1 Bank
13.6.2 Insurance Company
13.6.3 Financial Institution
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Anti-money Laundering Market Size Forecast by Applications
13.10.1 Transaction Monitoring
13.10.2 CTR
13.10.3 Customer Identity Management
13.10.4 Compliance Management
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Anti-money Laundering Market: Competitive Dashboard
14.2 Global Anti-money Laundering Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Oracle
14.3.2 Thomson Reuters
14.3.3 Fiserv
14.3.4 SAS
14.3.5 SunGard
14.3.6 Experian
14.3.7 ACI Worldwide
14.3.8 Tonbeller
14.3.9 Banker's Toolbox
14.3.10 Nice Actimize
14.3.11 CS&S
14.3.12 Ascent Technology Consulting
14.3.13 Targens
14.3.14 Verafin
14.3.15 EastNets
14.3.16 AML360
14.3.17 Aquilan
14.3.18 AML Partners
14.3.19 Truth Technologies
14.3.20 Safe Banking Systems