AML Transaction Monitoring Solutions, 2023: Market and Vendor Landscape


Historically, providers of anti-money laundering (AML) transaction monitoring systems have considered themselves to be ‘agnostic’ when it comes to the underlying risk strategies of their financial institution clients. The technology vendors that address AML functions have not considered risk strategy to be a core concern. Instead, they’ve seen their role as providing a way for banks to achieve a risk-based approach to money laundering and the detection of other financial crimes.

In recent years, banks have recognized that financial crime risk can manifest in ways other than compliance and regulatory risk. Banks are increasingly treating anti-financial crime strategies as crucial initiatives within their operational risk programs, to tackle a number of challenges, including counterparty risk, reputational risk and emerging investment risk associated with the ethical impacts of financial crime.

In this context, financial institutions should be proactive in preparing for the convergence of risk assessment/intelligence and core transaction monitoring systems. They should evaluate their current AML transaction monitoring solutions and consider investing in new technologies that can help them identify and mitigate risk more effectively. Regulators should also take a more proactive approach to AML enforcement by increasing penalties for AML violations and enforcing compliance in niche areas such as trade-based AML (TBAML). Indeed, by working together, financial institutions, vendors and regulators can create a more effective AML system.

  • LinkedIn  
  • Save this article
  • Print this page  

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Chartis Research? View our subscription options

You need to sign in to use this feature. If you don’t have a Chartis account, please register for an account.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here.