Compliance
Compliance Corner: AML Systems Spending Seen Surging
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Juniper Research
The amount that is spent on third-party anti-money laundering
systems will surge by 121 per cent from $33.9 billion today by
2030.
According to tech strategists Juniper Research, there.are gaps in transaction monitoring and beneficial ownership disclosure as two of the main vulnerabilities that drive such spending,
“With increasingly complex regulatory regimes, firms are turning
to AI-driven screening and analytics to strengthen detection
while addressing high false-positive rates,” Shane O’Sullivan,
research analyst at Juniper Research, said. “The report found
that banks will account for 64 per cent of AML spending by 2030,
spurred by sustained exposure to regulatory oversight.”
Juniper Research’s recent AML Systems Competitor Leaderboard
evaluated 18 AML system vendors against criteria such as segment
coverage, service offerings, and various capacity and capability
measures.
The top 3 vendors for 2025 are LexisNexis Risk Solutions; Oracle and Experian, the report added.