The Top 10  Most Difficult Countries for Identity Verification

The Top 10  Most Difficult Countries for Identity Verification

Download Report

The Anti-Money Laundering Solution Market is Expected to Double by 2025

anti money laundering

According to the latest AML solution market report 2020-2026, the post coronavirus pandemic had a significant impact on the global market. The size is expected to grow from 2.2 billion USD to 4.5 billion USD by 2025 with a compound annual growth rate of 15.6 percent. 

The report covers the following aspects: 

  • Comprehensive AML Solution Market overview
  • Changing dynamics of the industry 
  • Detailed market segmentation
  • The projected market size in terms of volume (current and previous)
  • Current trends and development in the market 
  • Analysis of the key market players

Follow the link to get the complete report. 

The anti-money laundering solution market has several dimensions and can be divided on the basis of product types, subtypes, applications, and essential regions. Based on types, the report covers analysis on the following:

  • Transaction Monitoring Software
  • Currency Transaction Reporting (CTR) Software
  • Customer Identity Management Software
  • Compliance Management Software

The report also covered regions and the major locations contributing to the growth will be Asia-Pacific (China, Japan, Korea, India, and Southeast Asia),  Japan, Southeast Asia, India, Europe, China, North America (USA, Canada, and Mexico), and Europe (Germany, France, UK, Russia, and Italy). 

Read about AML compliance: Implementation of AML compliance – Challenges and fundamentals

Related Posts

News

China Postpones New AML Rules Amid Privacy Concerns and Pushbacks

China has delayed the introduction of new rules for due diligence as financial institutions requi...

China Postpones New AML Rules Amid Privacy Concerns and Pushbacks Explore More

News

Bank of Thailand Issues Warning Against Digital Fraud

The central bank advised individuals not to accept information that appears fake, nor to perform ...

Bank of Thailand Issues Warning Against Digital Fraud Explore More

News

European Parliament Members Adopt New Recommendations to fight Tax Fraud and Money Laundering

The parliament members adopted a comprehensive set of regulations stemming from the previous reco...

European Parliament Members Adopt New Recommendations to fight Tax Fraud and Money Laundering Explore More

News

Global OCR market expected to reach $70 billion by 2030

The global OCR market is expected to grow at the CAGR of 15% from 2020 to 2030, reaching USD 70 b...

Global OCR market expected to reach $70 billion by 2030 Explore More

News

Rabobank’s Profits Drop Over Shut Down in Russia and Increased AML Costs

Dutch Cooperative Rabobank revealed that its profit plunged more than a quarter in the first half...

Rabobank’s Profits Drop Over Shut Down in Russia and Increased AML Costs Explore More

News

UAE Confiscates Assets Worth $354 Million to Crack Down on Money Laundering

UAE stepped up and seized $354 million worth of assets from March to mid-July 2023 in the fight a...

UAE Confiscates Assets Worth $354 Million to Crack Down on Money Laundering Explore More

News

FBI and the U.S. Marshals Service Warn of Prevailing Telephone Scams

FBI and the U.S. Marshals Service have warned of prevailing telephone fraud in which callers act ...

FBI and the U.S. Marshals Service Warn of Prevailing Telephone Scams Explore More

News

German Parliament Passes Anti-Money Laundering Laws

On Thursday, the German parliament passed a draft of anti-money laundering measures to make sure ...

German Parliament Passes Anti-Money Laundering Laws Explore More

News

Anti-Money Laundering Laws Require NGOs to Disclose Their Funding Sources

Principal Secretary for Internal Security, Dr Raymond Omollo, has sent a directive to Non-Governm...

Anti-Money Laundering Laws Require NGOs to Disclose Their Funding Sources Explore More

News

Financial Watchdogs Flags Crypto Mixer Stoking as a Potential Risk For Money Laundering

Cryptocurrencies are highly criticized by financial watchdogs and governments for potential risk ...

Financial Watchdogs Flags Crypto Mixer Stoking as a Potential Risk For Money Laundering Explore More

News

China Enhances AML Obligations to Combat Money Laundering

Chinese authorities have released the latest guidelines to enhance security in the financial sect...

China Enhances AML Obligations to Combat Money Laundering Explore More

News

Taiwan’s Security Watchdog is Set to Regulate Local Crypto Industry to Prevent Money Laundering

Taiwan’s top financial regulator is set to become the primary oversight body to monitor the...

Taiwan’s Security Watchdog is Set to Regulate Local Crypto Industry to Prevent Money Laundering Explore More

News

US Senators Push Congress to Regulate Crypto Amid FTX Turmoil

US senators have urged Congress to regulate cryptocurrencies under current financial regulations ...

US Senators Push Congress to Regulate Crypto Amid FTX Turmoil Explore More

News

U.S. Schools and Colleges Witness a Rise in Data Breaches

Data breaches and cyberattacks continue to grow and now targeting the education sector. Amid the ...

U.S. Schools and Colleges Witness a Rise in Data Breaches Explore More

News

Data Breach Exposes 515,000 IDs, More Cases of Synthetic ID Fraud to be Expected?

Hackers broke into the servers at the International Committee of the Red Cross and accessed perso...

Data Breach Exposes 515,000 IDs, More Cases of Synthetic ID Fraud to be Expected? Explore More

News

Rabobank Fined EUR 500K for Ineffective KYC Compliance

The Dutch Central Bank (DNB) instructed Rabobank to enhance their CDD, transaction monitoring, an...

Rabobank Fined EUR 500K for Ineffective KYC Compliance Explore More

News

SMEs Decry Registration Hurdles Owing to SCUML Certificate

SMEs have decried hurdles in opening business/corporate accounts due to the Anti Money Laundering...

SMEs Decry Registration Hurdles Owing to SCUML Certificate Explore More

News

Central Bank of Bahamas Calls for Stringent Due Diligence in the Wake of FTX Collapse

The Bahamas’ Central Bank has called for stricter due diligence while moving funds in the w...

Central Bank of Bahamas Calls for Stringent Due Diligence in the Wake of FTX Collapse Explore More

News

SA Banks at High Risk of Money Laundering & Terrorist Financing, Says Prudential Authority Report

South African banks have moved up into the high-risk category in the new report from the Prudenti...

SA Banks at High Risk of Money Laundering & Terrorist Financing, Says Prudential Authority Report Explore More

News

Online fraudsters steal £17m over COVID-19 lockdown

About £17 million have been lost due to online fraud over the Coronavirus lockdown period with yo...

Online fraudsters steal £17m over COVID-19 lockdown Explore More

News

Nonprofit Guam Shrine Club Under Fire for Alleged Illegal Gambling and Money Laundering

Seven people, three GSC officers and four other individuals from Guam Shrine Club, a nonprofit or...

Nonprofit Guam Shrine Club Under Fire for Alleged Illegal Gambling and Money Laundering Explore More

News

UAE Imposes Dh65 Million Worth of AML Fines on 137 Companies

After examining 840 companies, 137 companies failed to comply with anti-money laundering and comb...

UAE Imposes Dh65 Million Worth of AML Fines on 137 Companies Explore More

News

Qatar to Develop National Strategies for Combating Financial Crimes

Qatar has developed vigorous strategies to combat expected financial crimes during the FIFA World...

Qatar to Develop National Strategies for Combating Financial Crimes Explore More

News

SRA Fines Scarborough Law Firm for Long-term AML Compliance Failures

The Solicitors Regulation Authority (SRA) has fined Scarborough law firm Pinkney Grunwells Lawyer...

SRA Fines Scarborough Law Firm for Long-term AML Compliance Failures Explore More

News

Australia sues Facebook for $525 billion

A lawsuit was filed against Facebook by Australia’s privacy regulator, blaming the social media p...

Australia sues Facebook for $525 billion Explore More

News

The UK Law Firms Approve the Use of AI in AML Armoury

The Legal Sector Affinity Group is the governing body of all the UK’s legal regulatory and repres...

The UK Law Firms Approve the Use of AI in AML Armoury Explore More

News

Cybercrimes in UK have ‘doubled’ in past five years

Large businesses remain most at target but SMBs have seen the steepest rise in successful cyber a...

Cybercrimes in UK have ‘doubled’ in past five years Explore More

News

The Next Big Step- Blockchain-Based E-voting

A Japanese firm, Layer X labs, has decided to work on the development of voting electronically by...

The Next Big Step- Blockchain-Based E-voting Explore More

News

Adobe, Twitter and NYT Team Up Against Deepfakes

Deepfakes, whether synthetic or manipulated, are rising at an alarming rate. They can cause immen...

Adobe, Twitter and NYT Team Up Against Deepfakes Explore More

News

Swiss Government Gears Up to Establish a Central Registry for Beneficial Ownership

The Swiss government plans to set up a central registry for beneficial ownership, a step that ind...

Swiss Government Gears Up to Establish a Central Registry for Beneficial Ownership Explore More

News

UAE Delegation to Visit the US to Discuss AML Initiatives

The UAE and the US put forward their efforts to minimize the risks associated with virtual assets...

UAE Delegation to Visit the US to Discuss AML Initiatives Explore More

News

Japan Calls for Disclosure of Major Company Shareholders

Japan’s Ministry of Justice will require firms to submit details of their major shareholders, als...

Japan Calls for Disclosure of Major Company Shareholders Explore More

News

Dutch Authorities Seize $29 Million in Cryptocurrencies After Money Laundering Investigation

$29 million in crypto were seized over the last few months in money laundering investigations car...

Dutch Authorities Seize $29 Million in Cryptocurrencies After Money Laundering Investigation Explore More

News

National Assembly Passes Revised AML Law and Thrift Practice Resolution

The National Assembly (NA) has passed the revised law on Money Laundering Prevention and Control ...

National Assembly Passes Revised AML Law and Thrift Practice Resolution Explore More

News

Kenya Flags Betting Jackpots as Possible Avenues for Money Laundering

Kenya has flagged the mega jackpots paid to the punters in the country as the possible avenues fo...

Kenya Flags Betting Jackpots as Possible Avenues for Money Laundering Explore More

News

WHO Warns about Online Job Scams during COVID-19 Pandemic

A message shared on WhatsApp and Facebook claims that the World Health Organization (WHO) is adve...

WHO Warns about Online Job Scams during COVID-19 Pandemic Explore More

News

FATF Highlights the Gaps in New Zealand’s AML Measures

Financial Action Task Force (FATF) has issued a report on New Zealand’s measures to combat money ...

FATF Highlights the Gaps in New Zealand’s AML Measures Explore More

News

South Kesteven Council Strengthens AML Controls for Right to Buy Scheme

South Kesteven council tightened the anti-money laundering controls over questions raised by buye...

South Kesteven Council Strengthens AML Controls for Right to Buy Scheme Explore More

News

Californian man apprehended in Moorpark ID theft case

A 37-year-old man in the Californian city of Bakersfield was arrested on Wednesday on suspicion o...

Californian man apprehended in Moorpark ID theft case Explore More

News

Europol Warns Trade-Based Money Laundering Poses Substantial Threat to Financial Institutions

Financial institutions faced trade-based money laundering as a new threat since the digitalisatio...

Europol Warns Trade-Based Money Laundering Poses Substantial Threat to Financial Institutions Explore More

News

Nigeria Employs New BOR Initiative to be Removed from FATF’s Gray List

A Beneficial Ownership Register (BOR) has been inaugurated by the Corporate Affairs Commission (C...

Nigeria Employs New BOR Initiative to be Removed from FATF’s Gray List Explore More

News

China’s securities watchdog commits to clean up financial markets

SHANGHAI – China’s security watchdog vowed a number of measures to clean up its financial m...

China’s securities watchdog commits to clean up financial markets Explore More

News

Danske Bank Revamps Compliance Measures After Money-Laundering Scandal

Danske Bank A/S was engulfed by a money-laundering scandal in 2018 among other banks in the Nordi...

Danske Bank Revamps Compliance Measures After Money-Laundering Scandal Explore More

News

Google Pay Transactions Just Got More Secure

Previously, when you used Google Pay for transactions, it would only ask you to enter your PIN. A...

Google Pay Transactions Just Got More Secure Explore More

News

EU Lawmakers to Initiate Discussions on AML Laws for Bitcoin, Ethereum & More

The EU’s parliament, commission, and council are set to initiate discussions on the issue of anti...

EU Lawmakers to Initiate Discussions on AML Laws for Bitcoin, Ethereum & More Explore More

News

FIAU Fines Crypto Firm €460,000 for Anti-Money Laundering Violations

FIAU (Financial Intelligence Analysis Unit) charged a crypto exchange and broker with a €463,235 ...

FIAU Fines Crypto Firm €460,000 for Anti-Money Laundering Violations Explore More

News

US Accuses Crypto Firms for Serving as Money Laundering Hub

The US Treasury’s department targeted the crypto mixers to combat internationally operated financ...

US Accuses Crypto Firms for Serving as Money Laundering Hub Explore More

News

UK has Suffered Fraud and Cyber Crime Losses Worth £1.3 Billion in 2021

London incurred the highest amount of losses to cybercrime and fraud in the first half of 2021, a...

UK has Suffered Fraud and Cyber Crime Losses Worth £1.3 Billion in 2021 Explore More

News

EU Plans for New Anti-Money Laundering Agency

European Union’s anti-money laundering agency plans are being developed in detail. A memo dated M...

EU Plans for New Anti-Money Laundering Agency Explore More

News

“Online Trading Platforms to Become a New Hub for Investment Scams” Warns FCA

FCA warns that investment scams are increasing in the UK via online means of trading platforms an...

“Online Trading Platforms to Become a New Hub for Investment Scams” Warns FCA Explore More

News

EBA Issues Draft to Set up Central Database for AML and CFT

On December 20, 2021, the European Banking Authority (EBA) issued its draft Regulatory Technical ...

EBA Issues Draft to Set up Central Database for AML and CFT Explore More

News

Financial Fraud Alerts in the UK are Most Prevalent in Crypto Firms, Reports FCA

FCA has labeled crypto as the top sector for financial scam warnings in the UK.  As of now, there...

Financial Fraud Alerts in the UK are Most Prevalent in Crypto Firms, Reports FCA Explore More

News

UAE Imposes Fines Exceeding Dh115 Million to Combat Money Laundering in Q1 of 2023

The UAE has imposed a monetary penalty of Dh115 million ($31.3M) in the first quarter (Q1) of 202...

UAE Imposes Fines Exceeding Dh115 Million to Combat Money Laundering in Q1 of 2023 Explore More

News

Westpac Proven Guilty of Breaching Money Laundering Laws after Commonwealth Bank

Westpac was accused of violating the money laundering laws and counter-terrorism financial allega...

Westpac Proven Guilty of Breaching Money Laundering Laws after Commonwealth Bank Explore More

News

Singapore to Strengthen Security Measures Against Phishing Scams

Singapore is taking steps to introduce additional security measures to detect suspicious transact...

Singapore to Strengthen Security Measures Against Phishing Scams Explore More

News

Despite KYC, Dutch Central Bank Struggles over Crypto Ownership Records

Despite the strict measures for KYC requirements, the Central Bank of the Netherlands is still mu...

Despite KYC, Dutch Central Bank Struggles over Crypto Ownership Records Explore More

News

UK’s Decision to Dump the GDPR Raises Concerns for Online Gambling Sector

The UK is facing financial turbulence because of changing its way from participating in European ...

UK’s Decision to Dump the GDPR Raises Concerns for Online Gambling Sector Explore More

News

FBI Springfield Warns of Growing Fraud Targetting the Elderly

The FBI has warned people of growing elderly fraud.  As per the Internet Crime Complaint Center&#...

FBI Springfield Warns of Growing Fraud Targetting the Elderly Explore More

News

Brazilian Police Block Crypto Assets Due to Suspected Fraud

Brazilian police have requested the court to block the virtual assets of suspected digital tradin...

Brazilian Police Block Crypto Assets Due to Suspected Fraud Explore More

News

China’s Top Leaders Indicate the Further Tightening of Financial Regulations

Chinese leaders have indicated that the country will move to further strengthening of financial r...

China’s Top Leaders Indicate the Further Tightening of Financial Regulations Explore More

News

MGA Issues 10 Warnings and Revokes 6 Licenses of Gaming Operators

MGA issued ten warnings and revoked six gambling licences in 2022. According to the report, the M...

MGA Issues 10 Warnings and Revokes 6 Licenses of Gaming Operators Explore More

News

UAE to be Removed from FATF Gray List in 2024

The UAE’s Minister of State for Foreign Trade and chairman of the Emirates Bullion Committee hope...

UAE to be Removed from FATF Gray List in 2024 Explore More

News

Economic & Financial Crime Bureau Gets Legal Powers as an Independent Authority

The Economic & Financial Crime Bureau and Financial Intelligence Unit [Bailiwick of Guernsey]...

Economic & Financial Crime Bureau Gets Legal Powers as an Independent Authority Explore More

News

Phase One of the Crypto Regulatory Framework in Switzerland Begins

As of today, phase one of the regulatory framework regarding the cryptocurrency and blockchain in...

Phase One of the Crypto Regulatory Framework in Switzerland Begins Explore More

News

UAE Issues Guidance to Registered Unlicensed Crypto Firms

UAE’s regulatory authorities stated all unlicensed Virtual Service Providers (VASPs) companies wi...

UAE Issues Guidance to Registered Unlicensed Crypto Firms Explore More

News

Singapore sees 300% yearly spike in Q1 cryptojacking attacks amid Coronavirus

Data published by Russian cybersecurity firm Kaspersky depicts that Singapore has witnessed a sud...

Singapore sees 300% yearly spike in Q1 cryptojacking attacks amid Coronavirus Explore More

News

Kazakhstan to Regulate Local Cryptocurrency Businesses

Kazakhstan is tightening its KYC and AML regulations for cryptocurrency exchanges to combat money...

Kazakhstan to Regulate Local Cryptocurrency Businesses Explore More

News

Canada to Update AML Laws for Payments Services, FinTechs and Crowdfunding Platforms

The Canadian government’s federal budget announced that new regulations will be implemented to up...

Canada to Update AML Laws for Payments Services, FinTechs and Crowdfunding Platforms Explore More

News

US Officials allege student defrauded Apple as part of SIM swap attack

Richard Yuan Li, a student at the University of California-San Diego, is charged with plotting to...

US Officials allege student defrauded Apple as part of SIM swap attack Explore More

News

Ireland Campaigns to make Dublin the EU AML Authority Headquarter

A team was established in the Department of Finance by the Irish government to campaign for Dubli...

Ireland Campaigns to make Dublin the EU AML Authority Headquarter Explore More

News

Crypto Providers at Risk of Money Laundering & Terror Financing, Says FMA

The Crypto industry was rated high-risk in the latest sector risk assessment (SRA) of the FMA, wh...

Crypto Providers at Risk of Money Laundering & Terror Financing, Says FMA Explore More

News

NFIU Increases Efforts to Remove Nigeria from FATF Gray List

The Nigerian Financial Intelligence Unit (NFIU) has stated that it is working towards removing th...

NFIU Increases Efforts to Remove Nigeria from FATF Gray List Explore More

Take the next steps to better security.

Contact us

Get in touch with our experts. We'll help you find the perfect solution for your compliance and security needs.

Contact us

Request demo

Get free access to our platform and try our products today.

Get started