The Anti-Money Laundering (AML) solutions market is booming, projected to reach $9.44 billion by 2033 with a 15.06% CAGR. Discover key market trends, leading companies (NICE Actimize, SAS, Fiserv), and regional insights in this comprehensive analysis. Learn how AI and RegTech are shaping the future of AML compliance. Recent developments include: January 2023 - IMTF, one of the leaders in regulatory technology and process automation for financial institutions, acquired the Siron anti-money laundering and compliance solutions developed by US-based FICO Corporation. With this acquisition, IMTF assumed the global operations of all Siron anti-financial crime solutions., February 2023 - Profile Software, a financial solutions provider, successfully implemented the RiskAvert solution at the Cooperative Bank of Epirus for the effective risk management and full coverage of capital requirements' calculations along with the production of the significant supervisory reports required under the EU Capital Requirements Regulation/Directive (CRR/CRD) framework, also referred as Basel framework.. Key drivers for this market are: Increased Adoption of Digital/Mobile Payment Solutions, Stringent Government Regulations for Compliance Management. Potential restraints include: Lack of Skilled Professionals. Notable trends are: Know Your Customer (KYC) Systems to Witness Major Growth.

The Anti-Money Laundering (AML) solutions market is booming, projected to reach $9.475 billion by 2033 with a 15.06% CAGR. Learn about key drivers, trends, and leading companies shaping this vital sector, including KYC systems, transaction monitoring, and compliance reporting solutions. Recent developments include: January 2023: IMTF, one of the companies in regulatory technology and process automation for financial institutions, acquired the Siron anti-money laundering and compliance solutions developed by US-based FICO Corporation. With this acquisition, IMTF assumed the global operations of all Siron anti-financial crime solutions., February 2023: Profile Software, a financial solutions provider, successfully implemented the RiskAvert solution at the Cooperative Bank of Epirus for the effective risk management and full coverage of capital requirements' calculations along with the production of the significant supervisory reports required under the EU Capital Requirements Regulation/Directive (CRR/CRD) framework, also referred as Basel framework.. Key drivers for this market are: Increased Adoption of Digital/Mobile Payment Solutions, Stringent Government Regulations for Compliance Management. Potential restraints include: Increased Adoption of Digital/Mobile Payment Solutions, Stringent Government Regulations for Compliance Management. Notable trends are: The Know Your Customer (KYC) Systems Segment is Expected to Witness Major Growth.