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The COVID-19 has given rise in the demand for AML solutions. Owing to restrictions imposed by lockdown there was a shift from offline to online payment system. The rise in online payment via internet, prepaid cards and mobile payment has increased money laundering activities. The transactions are executed without face-to-face interaction between the person making payment and the service provider due to which there is increased possibility of occurance of money laundering activities. Further FATF has levied various regulations to prevent money laundering activities which has forced banks and financial institutions to adopt AML solutions to avoid the penalties framed by regulatory bodies. In case of non-compliace of such regulations the banks attract strict penalties due to which AML solutions are being adopted globally.
full report of Anti-Money Laundering (AML) Market available @ https://www.omrglobal.com/industry-reports/anti-money-laundering-aml-market
- Market Coverage
- Market number available for – 2025-2031
- Base year- 2025
- Forecast period- 2025-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
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
- copyright
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
The Report Covers
- Market value data analysis of 2020 and forecast to 2027.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global AML market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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