With the growing penetration of the internet and the rising adoption of virtual currencies, the number of money laundering cases is surging sharply across the world. Furthermore, the increasing utilization of online banking services, including online transactions and digital payments, has also contributed toward the mushrooming incidence of money laundering. This has, in turn, fueled the demand for AML solutions and software. Besides these factors, the increasing enactment of strict regulations regarding money laundering by the governments of several countries is also driving the expansion of the AML market.
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