Anti-Money Laundering (AML) systems are rapidly evolving to compensate for the constant increase in volume and complexity of online financial crime. AML solutions help combat the sophisticated methods criminals use to avoid detection. AML includes a set of policies, procedures, and technologies that prevent the process of taking illegally obtained money and making it appear to have come from a legitimate source. The AML term arose from regulatory standards, specifically to detail the concealing of financial movements for underlying crimes ranging from tax evasion, drug trafficking, public corruption, and the financing of terrorist groups. Intelligent AML Systems Market Development According to the latest worldwide market study by Juniper Research, by 2028 the total spend on third-party AML systems will have grown by 80 percent -- that's up from $28.7 billion in 2024. This significant market growth will be driven by the use of artificial intelligence (AI) technologies to assist AML ...
TMT Market Research and Analysis