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Global AML/KYC Spending Projected to Total $1.4 Billion in 2021, Rising 26% as Governments Continue to Focus on Fighting Financial Crime - New Burton-Taylor Report

LONDON and NEW YORK, Dec. 2, 2021 /PRNewswire/ -- Global spend on Anti-Money Laundering (AML)/ Know-Your-Customer (KYC) data & services is projected to total a record $1.35 billion in 2021, according to a new research report published today by Burton-Taylor International Consulting, part of TP ICAP's Data & Analytics division, Parameta Solutions. 

Global demand for AML/KYC data at record level as businesses and regulators prioritize the fight against financial crime

Other key findings include:

"Global demand for AML/KYC data and services continues to reach record levels as businesses and regulators prioritize the fight against financial crime," said Adler Smith, analyst at Burton-Taylor. "We expect to see further expansion of regulatory frameworks and enforcement actions in the near future, further enhancing the need for advanced AML/KYC solutions that leverage the latest technology and are supported by high quality data and information," he added.

Burton-Taylor today announced the publication of its Anti-Money Laundering/Know-Your-Customer Data & Services Global Market Share 2021 report. The report benchmarks the AML/KYC data & services industry focusing on overall market sizing and industry trends. The report also examines the vendor landscape, highlighting the key capabilities of the industry's top providers with a focus on data coverage, risk screening and due diligence solutions of each.  

The report is available for immediate download by Burton-Taylor research members through the research portal. Detailed information on the report can be found here, or the report can be purchased by contacting orders@burton-taylor.com, or telephone +1 646 225-6696.

About Burton-Taylor International Consulting (www.burton-taylor.com)
Burton-Taylor International Consulting, part of TP ICAP Group's data & analytics division, Parameta Solutions, is the recognized leader in information industry market research, strategy and business consulting.  Burton-Taylor Exchange, Index, AML/KYC, Media Intelligence/PR and Market Data share figures are seen as the industry benchmark standard globally. For further information see www.burton-taylor.com.

About TP ICAP (www.tpicap.com)
TP ICAP brings together buyers and sellers in global financial, energy and commodities markets. It is the world's largest wholesale market intermediary, with a portfolio of businesses that provide broking services, data & analytics and market intelligence, trusted by clients around the world. We operate from offices in 31 countries, supporting award-winning brokers with market-leading technology. For further information see www.tpicap.com.

SOURCE Burton-Taylor International Consulting

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