IT and Operational Spending on Anti-Money Laundering: 2024 Edition

Create a vendor selection project
Click to express your interest in this report
Indication of coverage against your requirements
A subscription is required to activate this feature. Contact us for more info.
Celent have reviewed this profile and believe it to be accurate.
We are waiting for the vendor to publish their solution profile. Contact us or request the RFX.
Projects allow you to export Registered Vendor details and survey responses for analysis outside of Marsh CND. Please refer to the Marsh CND User Guide for detailed instructions.
Download Registered Vendor Survey responses as PDF
Contact vendor directly with specific questions (ie. pricing, capacity, etc)
29 March 2024

Financial institutions will spend US$34.7 billion on AML technology and US$155.3 billion on operations in 2024.


AML operations are plagued with perhaps the most severe efficiency and accuracy issues in financial services. Fortunately, new technology is available to help. Machine learning, AI, natural language processing, and now generative AI tools can support more accurate financial crime detection and increase efficiency in investigative processes. Celent estimates the need to leverage next-generation technology to improve compliance outcomes will drive financial institutions to prioritize strategic investments to improve the efficiency and accuracy of AML.

This report, based on data from the Celent Technology Insight and Strategy Survey (CTISS) survey undertaken in 2023, provides our estimates of investments in AML technology—as well as operational spending on AML—by financial institutions worldwide, including banks, insurers, broker-dealers, and wealth and asset management firms. The report presents global estimates and breakdowns including:

Related Research