Anti-Money Laundering (AML) Market Definition

This page was last updated on June 9th, 2025

Anti-money laundering (AML) software is used by companies to detect suspicious activities by persons or organizations who are trying to generate income through illegal actions.

Compliance professionals use this software to comply with regulations, like the Bank Secrecy Act, and corporate policies regarding financial fraud. Accountants and managers from all departments can also benefit from using this software when evaluating new customers and suppliers. Additionally, AML software is used by banks and financial institutions to detect suspicious and fraudulent activities that may impact their profitability and damage their reputation.

Companies can work with AML software vendors to avoid doing business with corrupt individuals or organizations that are suspicious of financial fraud, criminal financing, or securities market manipulation.

AML software uses information from multiple solutions that manage financial transactions, such as enterprise resource planning (ERP) systems and accounting software. For large companies with high volumes of financial transactions, integrating AML software with corporate performance management software can also be beneficial.

To qualify for inclusion in the Anti-Money Laundering (AML) category, a product must:

• Use intelligent algorithms for fraud detection and risk management
• Include watch lists of suspicious individuals and organizations
• Allow users to assign scores based on risk potential and history
• Deliver standard AML documents and reports for compliance purposes
• Provide behavior models to detect suspicious individuals or companies
• Offer dashboards with real-time data to immediately identify potential risks

Results Index Description

A product’s Results score is calculated by a proprietary algorithm that factors in real-user satisfaction ratings for a number of results-related review questions. Software buyers can compare products in the Anti-Money Laundering (AML) category according to their Results scores to streamline the buying process and quickly identify the products that produce the best results based on the experiences of their peers. For sellers, media, investors, and analysts, the Index provides benchmarks for product comparison and market trend analysis.

Badges are awarded to products for: Best Results (highest overall Results score), Best Estimated ROI (based on a combination of estimated time to ROI and time to go live), and Users Most Likely to Recommend (highest likelihood to recommend score).

Products included in the Results Index for Anti Money Laundering | Summer 2024 have received both a minimum of 10 reviews and 5 responses from real users for each of the results-related questions featured in our review form by June 04, 2024. These ratings may change as the products are further developed, the sellers grow, and as additional opinions are shared by users. A new Results Index report will be issued for this category as significant data is collected.