Anti-Money Laundering Software Market 2017 Trend, Analysis and Forecast to 2021
Money laundering is a process by which criminals convert illegally obtained profit into seemingly legitimate funds. They hide the source of such profits and try to prove that they are from a legitimate source. Money laundering is a worldwide issue. The reason for criminals to launder their illegal funds is that they can later use this money in the markets without any hindrance and without the fear of it being tracked. Laundering prevents the funds from being confiscated by the police. In money laundering, once the funds are deposited in a foreign bank, they can be moved through accounts of shell corporations that exist mainly for laundering purposes. The high volume of wire transfers daily makes it difficult for law enforcement agencies to trace these transactions.
Publisher’s analysts forecast the global anti money laundering software market to grow at a CAGR of 11.07% during the period 2017-2021.
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Covered in this report
The report covers the present scenario and the growth prospects of the global anti money laundering software market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA
Publisher’s report, Global Anti Money Laundering Software Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
- ACI Worldwide
- EastNets
- FICO TONBELLER
- Fiserv
- NICE Actimize
- RELX
- FIS
- BAE Systems
- Experian
- Oracle
- SAS
- Thomson Reuters
- aml360
- AML Partners
- AML RightSource
- Safe Banking Systems
- Truth Technologies
- Verafin
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Other prominent vendors
- Ascent Technology Consulting
- Aquilan Technologies
- Banker’s Toolbox
- targens
- CGI Group
- MemberCheck
Market driver
- Increased need for automated transaction monitoring systems.
- For a full, detailed list, view our report
Market challenge
- Complexity of data interpretation.
- For a full, detailed list, view our report
Market trend
- Increasing need for know your customer analytics.
- For a full, detailed list, view our report
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Name: Sameer Joshi
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Organization: ReportsWeb
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