Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Anti-money Laundering Market by Type (Bank, Insurance Company, Financial Institution), By Application (Transaction Monitoring, CTR, Customer Identity Management, Compliance Management, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Anti-money Laundering Market by Type (Bank, Insurance Company, Financial Institution), By Application (Transaction Monitoring, CTR, Customer Identity Management, Compliance Management, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 279533 4200 Service & Software 377 237 Pages 4.7 (31)
                                          

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.


Global Anti-money Laundering Industry Outlook


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:

  1. Oracle
  2. Thomson Reuters
  3. Fiserv
  4. SAS
  5. SunGard
  6. Experian
  7. ACI Worldwide
  8. Tonbeller
  9. Banker's Toolbox
  10. Nice Actimize
  11. CS&S
  12. Ascent Technology Consulting
  13. Targens
  14. Verafin
  15. EastNets
  16. AML360
  17. Aquilan
  18. AML Partners
  19. Truth Technologies
  20. Safe Banking Systems

Global Anti-money Laundering Market Overview


Highlights of The Anti-money Laundering Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Bank
    2. Insurance Company
    3. Financial Institution
  1. By Application:

    1. Transaction Monitoring
    2. CTR
    3. Customer Identity Management
    4. Compliance Management
    5. Others
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. 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:

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  • Market Entry Strategies
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Global Anti-money Laundering Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. 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

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