GITNUX MARKETDATA REPORT 2024

Aml Industry Statistics

AML industry statistics provide insights into the effectiveness and impact of anti-money laundering measures in detecting and preventing financial crimes.

Statistic 1

"The total cost of AML compliance in the Asia-Pacific region was approximately $6 billion in 2020."

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Statistic 2

"48% of AML professionals say their financial institutions have increased their AML budgets in response to regulatory pressure."

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Statistic 3

"Digital ID verification solutions can reduce AML compliance costs by up to 20%."

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Statistic 4

"Financial institutions spend around 10% of their operating costs on AML compliance."

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Statistic 5

"In 2020, there were over 65,000 suspicious activity reports (SARs) filed in the UK alone."

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Statistic 6

"Only around 1% of global illicit financial flows are seized and frozen by authorities each year."

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Statistic 7

"The annual cost of non-compliance in the financial industry can be up to 2.71 times higher than compliance costs."

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Statistic 8

"Over 100 countries and jurisdictions have committed to implementing AML and Counter-Financing of Terrorism standards."

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Statistic 9

"Around 85% of AML compliance officers believe that the COVID-19 pandemic increased money laundering risks."

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Statistic 10

"Over 90% of AML alerts are false positives."

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Statistic 11

"The annual cost of cybercrime, which includes money laundering, is expected to reach $10.5 trillion by 2025."

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Statistic 12

"Financial institutions spend an estimated $5.8 billion annually on AML compliance in the United States."

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Statistic 13

"The global volume of money laundering is estimated to be between 2% to 5% of global GDP, approximately $800 billion to $2 trillion."

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Statistic 14

"The U.S. Treasury has fines totaling more than $33 billion for AML and sanctions violations over the past decade."

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Statistic 15

"75% of financial institutions have upgraded their AML technology within the past year."

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Statistic 16

"In 2020, the global AML software market was valued at approximately $1.42 billion."

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Statistic 17

"58% of companies use data analytics and technology to improve their AML compliance programs."

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Statistic 18

"Money laundering activities have a negative impact on financial institutions’ share prices, causing drops of 2%-4%."

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Statistic 19

"AML professionals spend an average of 6% of their time on training annually."

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Statistic 20

"The AML software market is expected to grow at a CAGR of 18.5% from 2021 to 2028."

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