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Evaluating the Vendors of Anti-Money Laundering Solutions 2006 |
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Spending on anti-money laundering software globally will increase to US$375 million by 2009, a compound annual growth rate of 5.9%.
Technology has become an essential tool for complying with anti-money laundering (AML) and counterterrorist funding legislation. Formerly tech-unaware regulators in the US and EU are now emphasizing the importance of effective AML analytics as a cornerstone of compliance. Both financial institutions and regulators are demanding enhanced functionalities from AML solutions, driving the development of improvements to these systems.
http://www.celent.com/PressReleases/20060829/AMLVendors2006.htm |
