Global Anti-Money Laundering Software Market 2017-2021
About Anti Money Laundering Software
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.
Technavio’s analysts forecast the global anti money laundering software market to grow at a CAGR of 11.07% during the period 2017-2021.
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:
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, Aquilan Technologies, Banker's Toolbox, CaseWare Analytics, Fenergo, Infrasoft Technologies, Innovative Systems, Jack Henry & Associates, MetricStream, Ocean Systems, Regulatory DataCorp, Temenos, Wolters Kluwer, 3i Infotech, IBM, KPMG, TATA Consultancy Services, Ascent Technology Consulting, Aquilan Technologies, Banker’s Toolbox, targens, CGI, and MemberCheck.
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