Anti-Money Laundering (AML) Market 2022-2030: Increasing need for monitoring and reporting suspicious activities by financial regulatory authorities

  According to the current analysis of Reports and Data, the global  Anti-Money Laundering Market  was valued at USD 1.34 Billion in 2021 and is expected to reach USD 5.16 Billion by the year 2030, at a CAGR of 16.2%.  The study provides an overall insight into the factors responsible for the growth in the anti-money laundering market. The factors driving the anti-money laundering market increased adoption of digital payments, organizations need to comply with stringent regulatory compliance, and the rising analytics applications for risk management. Owing to rising urbanization and digitalization across the world, end-user sectors like BFSI, Government and financial institutions have experienced growth which is expected to supplement the growth of anti-money laundering market. An increasing number of key players are partnering up with the major core companies in the above sectors to provide superior and more efficient platform to help them grow their business as well as redefine exper