Datex:
04 October 2022
Datex:
Anti-Money Laundering / Know-Your-Customer
Title:
AML/KYC Segment Share & Sizing - 2022
Monetary penalties, regulatory sanctions, and reputational loss due to non-compliance are the most important factors driving the market growth. Demand also continues to rise as businesses and regulators continue the fight against financial crime. Spurred by developments in advanced technology and increased regulatory scrutiny, global spend for AML/KYC data, information and services is projected to increase 15% in 2022 to total $1.56 billion, generating an industry 5-year CAGR of 16.6%.