21 September 2023
Financial Market Data/Analysis
Anti-Money Laundering/Know-Your-Customer Data & Services: Global Market Share 2023
The report shows:
Monetary penalties, regulatory sanctions, and reputational loss due to non-compliance are the most important factors driving the market growth.
Increased regulatory scrutiny, rising compliance costs, smarter criminals, sanctions, and fines are ensuring that firms stay compliant with KYC/AML regulations.