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AML software market set to hit $1.77 billion by 2023

News Team, 23/04/2019

The global anti-money laundering (AML) software market is expected to reach $1.77 billion by 2023, according to a report by BIS Research.

The report, entitled Global Anti Money Laundering (AML) Software Market - Analysis and Forecast, 2018-2023", estimated that the market was worth $868.0 million in 2017.

This growth can be attributed to factors including regulatory compliance requirements and an increased volume of wired transactions.

The AML software market has also grown rapidly due to the increased need for automated transaction monitoring systems, continuous improvement in anti-money laundering software b...


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