Asia Pacific Anti-Money Laundering Market

Asia Pacific Anti-Money Laundering Market

Asia-Pacific anti-money laundering market is expected to reach USD 2330.37 million by 2031 from USD 803.54 million in 2023, growing with a CAGR of 14.4% in the forecast period of 2024 to 2031.

Asia-Pacific Anti-Money Laundering Market Segmentation, By Offering (Solution and Services), Function (Compliance Management, Customer Identity Management, Transaction Monitoring, Currency Transaction Reporting, and Others), Deployment (Cloud and On-Premise), Enterprise Size (Large Enterprises and Small & Medium Enterprises), End Use (Banks & Financial Institution, Insurance Providers, Government, Gaming & Gambling, and Others), By Countries (China, Japan, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Taiwan, Vietnam, and rest of Asia-Pacific)- Industry Trends and Forecast to 2031

Overview of Asia-Pacific Anti-Money Laundering Market Dynamics:

Driver

• Increased financial crimes detection effort

Restraint

• Privacy concerns in customer data monitoring

Opportunity

• Increasing adoption of advanced analytics in AML

Market Players:

The key market players operating in Asia-Pacific anti-money laundering market are listed below:

• NICE ACTIMIZE
• IBM CORPORATION
• SANCTIONS.IO LLC
• INTEL CORPORATION
• ORACLE
• SAP SE
• Accenture
• EXPERIAN INFORMATION SOLUTION, INC.
• Open Text Corporation
• BAE Systems
• SAS INSTITUTE INC.
• ACI worldwide, INC
• Cognizant Technology solutions corporation
• Trulioo
• temenos
• WorkFusion