Global Anti-money Laundering Software Market 2026 Anti-money Laundering Software Market

Research delivers insight into the Anti-money Laundering Software Market worth 4,173.9 Mn USD by
2026
According to a new market report published by Credence Research Inc., “Global Anti-
money Laundering Software Market (By Functionality (Transaction Monitoring,
Currency Transaction Reporting (CTR), Customer Identity Management and Compliance
Management), By Deployment Model (Cloud and On-premise), By End-use Vertical (BFSI,
Defense and Government, Healthcare, IT & Telecom, Retail, Transportation and Logistics,
Others (Manufacturing, Energy and Utilities, etc.)))- Growth, Future Prospects and
Competitive Landscape, 2018 – 2026”, the global anti-money laundering software market
is expected to demonstrate a CAGR of 12.5% during the forecast period to reach US$
4,173.9 Mn by 2026.
Browse the full “Global Anti-money Laundering Software Market (By Functionality
(Transaction Monitoring, Currency Transaction Reporting (CTR), Customer Identity
Management and Compliance Management), By Deployment Model (Cloud and On-
premise), By End-use Vertical (BFSI, Defense and Government, Healthcare, IT &
Telecom, Retail, Transportation and Logistics, Others (Manufacturing, Energy and
Utilities, etc.))) - Growth, Future Prospects and Competitive Landscape, 2018 – 2026”
report
at
http://www.credenceresearch.com/report/anti-money-laundering-
software-market
Product Insights
Growing cases of money laundering incidences across varied verticals has yielded
significant
demand
for
anti-money
laundering
software
worldwide.
Anti-money
laundering software has become an integral component of compliance regimes conducted
by financial institutions since it allows them to comply with related regulations. The
banking and financial institutions continue to battle against the rising risk from financial
frauds including high-profile money laundering cases that represents one of the most
challenging issues.. With advancements in technology and consequent rise in digitization,
money laundering has emerged as a widespread issue with serious social and economic
ramifications. In order to avoid and address this issue, anti-money laundering software
are being increasingly deployed and used across banks, business organizations, and
financial institutions.
Implementation of anti-money laundering software has been made mandatory by various
regulatory authorities across the globe. The prime goal of anti-money laundering software
is to protect business organizations against money laundering incidences and ensure that
the organization is in full compliance with relevant laws and regulations. Every year
millions of dollars are invested on anti-money laundering solutions in an attempt to stop
and regulate money laundering activities. Furthermore, integration of Big Data analytics