![]() ![]() However, risk of security breaches is expected to impede the growth of the market over the forecast period. ![]() Through this, Canadian government aims to combat money laundering to promote the safety and security along with the integrity of the financial system. The regime involves 13 federal agencies and departments, eight of which received dedicated funding totaling around $70 million per year to play a significant role in efforts to detect and prevent money laundering and terrorist financing. For Instance: According to the Department of Finance (Canada) in February 2018, the department has reviewed Canadas anti-money laundering and anti-terrorist financing region. Also, governments are also incorporating various initiatives and plans to control money laundering cases. For Instance: as per the DW Organization in 2018, Governments Financial Intelligence Unit (FIU) reported around 77,252 cases of money laundering across Germany. Request To Download Free Sample of This Strategic Report Īdditionally, Anti-Money Laundering (AML) Software to witness prominent growth owing to the increasing cases associated with money laundering and rising deployment of AML solutions in banks and other financial institutions. Also, this software provides the real time alert to report the criminal activities in order to improve the operational efficiency and enhance of security measures of the organizations. Anti-money laundering (AML) software refers to a solution, that enables financial institutions and banks to monitor customer behavior for suspected criminal financial activities through automated processes. Anti-Money Laundering (AML) Software Market is valued approximately at USD 977 Million in 2018 and is anticipated to grow with a healthy growth rate of more than 12.61% over the forecast period 2019-2026. ![]()
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