| Study Period | 2020 - 2030 |
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| Historical Data Period | 2020 - 2023 |
| CAGR | 13.00% |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
United States Anti Money Laundering Solution Market Analysis by Mordor Intelligence
The United States Anti Money Laundering Solution Market is expected to register a CAGR of 13% during the forecast period.
Money laundering is an essential service for criminals dealing with large amounts of cash. Cash is funneled via multiple accounts into a legal business, where it becomes entwined with the firm's earnings and is no longer recognizable in its original form. With all major payments shifting to online, cashless, and new types of money transactions, financial institutions are finding it challenging to determine the legality of transactions. To solve this, many software firms have come up with systems to identify the legitimacy of transactions and if suspicious transactions occur, record them. In 2021, around 64.6% of the United States citizens used online banking.
With the advent of COVID-19, as people preferred staying at home and the government came up with welfare policies for economic compensation, most of the transaction modes shifted to an online mode. From 2019 to 2022 share of the population using digital banking in the United States continuously increased from 62.7% in 2019 to 65.3% in 2022. Money laundering is a white coloured crime that risks increase as more transactions would be shifting towards digital modes to prevent banks and the economic system from this fraud. More advanced technology systems, such as Anti-money laundering solution markets, need to grow.
With progressiveness in law-making from the United States Bank Secrecy law (1970) to the United States patriot act (2001) and the Anti-Money Laundering Act (2021) signifies a continuous effort has been made by the government to minimize these crimes, which amount to 2-3 % of world GDP. It creates an emerging platform for the United States Anti-money laundering solution market to grow with technological advanced and software products focused on real-time digital payment, and provides flexibility in the complex and rapid payment system.
United States Anti Money Laundering Solution Market Trends and Insights
United States-Anti Money laundering market is affected by development of New transaction meathods.
With a continuous increase in the share of the population using digital banking services from 61.3 in 2018 to 65.3% in 2022 and the development of new technological payments from digital payment to NFT and blockchain technologies, it a need for more technological advancement to detect money laundering. NFT ownership among investors in the United States in March 2021 was 21% of the total investment made by the population. A continuous increase in spending on blockchain technology from 1.65 bn USD in 2018 to projected spending of around 41billion USD, through which Bitcoin was developed in 2009 by Satoshi Nakamoto, is leading to the creation of cryptocurrencies like Bitcoin, Ethereum, Litecoin, Ripple, etc. With the development of these new transaction methods, more innovation and investment are required in the United States anti-money laundering market.
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United States-Anti Money laundering market is affected by development in rules regarding Money laundering.
With continuous development in law for anti-money laundering, there is a need for companies to implement them for the detection of cases related to money laundering. With US patriot act of 2001 has major sections affecting financial institutions such as (311, 312, 313, 319(b), 325,326,351,353, 356, 359, 362) and the Bank Secrecy Act of 1970, which includes the Currency and foreign transaction reporting act, and with latest Anti Money Laundering Act, which came into effect on January 1, 2021. All these laws had to be taken into consideration for financial Institutions and companies providing services regarding Anti-Money laundering solutions.
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Competitive Landscape
The anti-money laundering market is growing in the United States. As a global currency, the USD is accepted in every corner of the globe making it a widely used currency for purpose of Money laundering. With increasing fintech companies in the United States such as Stripe, Klarna, and FTX having overall revenue of (95,46,32) billion USD, further growth is expected in market size for these companies with emerging markets of Digital transactions. North America is having the largest share of the Anti-Money laundering software market worldwide with a share of 28% in 2022 creating its global leadership.
US Anti Money Laundering market is consolidated. Most of the IT and software services providers are in the United States providing their services to financial Institutions operating under a different set of rules globally and combating terror funding and money laundering.
United States Anti Money Laundering Solution Industry Leaders
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https://www.aciworldwide.com
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https://www.trulioo.com
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https://www.niceactimize.com
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https://www.tcs.com
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https://www.lexisnexis.com
- *Disclaimer: Major Players sorted in no particular order
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Recent Industry Developments
- June 2022: ACI Worldwide a global leader in mission-critical real-time payment software announced an agreement to divest its corporate online banking solutions ACI Digital Business Banking to One Equity Partners, a middle market private equity firm.
- March 2022: Sentinels was acquired by Fenergo, the leading provider of Customer Lifecycle Management technology solutions for financial institutions. Sentinels were founded in 2019 by Joost van Houten and Arryon Tijsma in Amsterdam (Netherlands) to solve the problems in transaction monitoring solutions across the globe.
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United States Anti Money Laundering Solution Market Report Scope
With an increase in transactions through different means of online methods, whether it is through Blockchain or other online transaction methods, there arises a need to scrutinize these transactions so that the money can't be used for destructive purposes and to validate its legality. IT Firms are coming up with different software and technologies, especially in a large economy like the United States, to watch over these financial transactions and get rid of the activity of Money laundering made through financial transactions. With the increasing opportunity for anti-money laundering market solutions in the United States, the market is segmented by Solutions (Know Your Customers (KYC) Systems, Compliance Reporting, Transaction Monitoring, Auditing, and Reporting), Type (Software, Services), and Deployment Model(On-Cloud, On-Premise).
By Solution
| Know Your Customers (KYC) System |
| Compliance Reporting |
| Transaction Monitoring |
| Auditing and Reporting |
| Other Solutions |
By Type
| Software |
| Services |
By Deployment Model
| On-Cloud |
| On-Premise |
| By Solution | Know Your Customers (KYC) System |
| Compliance Reporting | |
| Transaction Monitoring | |
| Auditing and Reporting | |
| Other Solutions | |
| By Type | Software |
| Services | |
| By Deployment Model | On-Cloud |
| On-Premise |
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Key Questions Answered in the Report
What is the current US Anti Money Laundering Solution Market size?
The US Anti Money Laundering Solution Market is projected to register a CAGR of 13% during the forecast period (2025-2030)
Who are the key players in US Anti Money Laundering Solution Market?
https://www.aciworldwide.com, https://www.trulioo.com, https://www.niceactimize.com, https://www.tcs.com and https://www.lexisnexis.com are the major companies operating in the US Anti Money Laundering Solution Market.
What years does this US Anti Money Laundering Solution Market cover?
The report covers the US Anti Money Laundering Solution Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the US Anti Money Laundering Solution Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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United States Anti Money Laundering Solution Market Report
Statistics for the 2025 United States Anti Money Laundering Solution market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. United States Anti Money Laundering Solution analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
