Citigroup Searches for Bitcoin Professionals to Deter Money Laundering

Citigroup is advertising positions for Bitcoin professionals in order to beef up their in-house anti-money laundering operations.

The New York financial services giant Citigroup has posted ads on LinkedIn searching to fill vice president and senior vice president positions that will explore the risks of criminal activity associated with cryptocurrency and other digital payment technologies. The job advertisements stress “knowledge of cryptocurrency and bitcoin monitoring.” Candidates with a Bitcoin Professional Certificate will move to the head of the line.

The position of senior vice president is described on LinkedIn as “support the Global Head of AML Monitoring Risk Management-Emerging Risk by identifying, analyzing, and implementing AML transaction monitoring risk programs related to developments in cybersecurity, cryptocurrency, and emerging payment technologies, products, and methods,”

Including the Bitcoin Professional Certificate is an unusual qualification for a position in such a venerable company. When LinkedIn was searched with the qualification as a keyword only the Citigroup ad was found.

A CPB is unlike similar-sounding qualifications like CPA or CFA as it can be had by paying $50 and taking a 75 question multiple choice test online. The CPB certificate is meant to show a level of proficiency in Bitcoin transactions not to indicate any mastery of the technology that powers the cryptocurrency.

Citi’s Hunt for Certified Crypto Professionals may Indicate a Change in Company Position

The LinkedIn advertisements may indicate a change of position for Citigroup who in the recent past have banned customers from making cryptocurrency purchases with their credit cards. Nor has the group joined other financial giants like Morgan Stanley and Goldman Sachs in clearing Bitcoin futures trades for clients.

Ryan Taylor, the chief executive officer of Dash Core, was quoted by Business Insider as saying;

“Citi is very seriously looking at risks surrounding the nascent market for digital currencies. They are either identifying risk to eliminate certain profiles, or this could be a prerequisite to identifying new opportunities in the space at a later point,”

Despite its apparent hostile position to cryptocurrency, Citigroup has been looking into distributed ledger technology for some years now and have developed their own blockchain in order to run a currency called Citicoin in an attempt at creating a platform similar to Bitcoin.

The financial group had also created an accelerator to fund promising fintech startups in Hong Kong called Citi Mobile Challange Asia- Pacific as far back as the summer of 2015.


Gang busted on charges of bank fraud, ATM money laundering

A two-year-long cyberfraud investigation in Europe has culminated with the arrest of 20 suspects in a series of coordinated raids, according to a Europol press release.

As of March 28, nine suspects remained in custody in Romania and 11 were jailed in Italy on charges of bank fraud that netted 1 million euros ($1.23 million) from hundreds of customers of two major banking institutions.

Europol said that the organized crime group, comprised mostly of Italian nationals, used spear phishing emails impersonating tax authorities in order to harvest the online banking credentials of their victims.

The criminals allegedly used the stolen online banking credentials to transfer money from the victims’ accounts into accounts under their control, and then withdrew the money from ATMs in Romania.

In addition to bank fraud and money laundering, the gang is accused of drug and human trafficking, Europol said.

Participating authorities included the Romanian National Police, the Italian National Police, Europol and its Joint Cybercrime Action Taskforce, and Eurojust, according to the release.


Arizona Bitcoin Trader Convicted for Crypto Money Laundering

By: Wolfie Zhao

An Arizona bitcoin trader been convicted for using the cryptocurrency to launder the proceeds of drug deals.

Thomas Mario Costanzo, who goes by Morpheus Titania on Twitter and operated a peer-to-peer bitcoin exchange website, was found guilty of charges of five money laundering by a federal jury in Phoenix on March 28, according to a Justice Department announcement.

The case stems from a previously reported raid in April 2017 by the U.S. Department of Homeland Security, in which Costanzo was initially arrested for unlawful possession of ammunition that derived from a prior conviction. The DHS further seized Costanzo’s cryptocurrency assets including bitcoin, ethereum and dash, and software pertaining to the tech.

While Costanzo was held in custody following the raid, searches conducted by federal agents at the time raised suspicions that he was using cryptocurrencies to launder proceeds for drug dealers.

The latest conviction came via evidence presented to the federal jury that Costanzo had laundered $164,700 during a two-year period – money taken from undercover federal agents who approached the trader saying they were heroin and cocaine traffickers, according to the announcement.

In addition, evidence was also presented to show that the felon himself used bitcoin to buy drugs, as well as offering an online bitcoin exchange service for others purchasing drugs without implementing know-your-customer authentication procedures.

The Justice Department said each of the five charges can bring a maximum sentence of 20 years in prison, a $250,000 fine, or a combination of the two. Costanzo is expected to face sentence on June 11.

Cryptocurrencies involved in the case may be forfeited by the U.S. government, added the Justice Department.

Houston megachurch pastor Kirbyjon Caldwell indicted for wire fraud and money laundering

A prominent Houston megachurch pastor is accused of fraud and money laundering in a scheme involving phony Chinese bonds.

Kirbyjon Caldwell, 64, is the senior pastor at Windsor Village United Methodist Church. The church is one of the largest protestant churches in the United States.

According to court documents, Caldwell and 55-year-old Gregory Alan Smith raised nearly $3.4 million through a Chinese bond scheme to defraud approximately 29 investors from April 2013 to August 2014.

The two allegedly promised high rates of return — sometimes up to 15 times the value.

“In reality, the bonds were mere collectible memorabilia with no investment value,” court documents stated.

Smith is accused of abusing his influence and status with the Smith Financial Group in Shreveport and Caldwell leveraging his status as pastor to lure investors in Historical Chinese bonds.

These bonds were issued by the former Republic of China prior to losing power to the communist government in 1949. They are not recognized by China’s current government and have no investment value.

None of the investors received any money back, court documents stated.

Caldwell and Smith are charged with one count of conspiracy to commit wire fraud, six counts of wire fraud, one count of conspiracy to commit money laundering and three counts of money laundering. Additionally, Smith and Caldwell are charged in two separate counts of money laundering.

Each face 20 years in prison for the conspiracy to commit wire fraud count and for the wire fraud counts. They also face 10 years in prison for the conspiracy to commit money laundering count and the money laundering counts. If found guilty, they also face a $1 million fine, restitution, forfeiture and five years of supervised release.

Caldwell once served as one of President George W. Bush’s spiritual advisors. He is currently listed as a limited partner with the Houston Texans.

The Texans released the following statement, “We have recently been made aware of a report involving Kirbyjon Caldwell. We are gathering more information and will have no further comment at this time.”

Sources told Eyewitness News that Caldwell is working with authorities to surrender in Louisiana within next week to 10 days.

Bitcoin is leading to a huge upswing in money laundering, new research says

By Brooke Crothers

Cybercriminals are turning to cryptocurrencies like Bitcoin to convert illegal revenue into clean cash, new research shows.

Cybercriminal proceeds make up an estimated 8 to 10 percent of total illegal profits laundered globally, according to research released by Bromium, a cybersecurity firm. That slice of illegal profits amounts to an estimated $80 billion to $200 billion each year.

The findings were announced Friday as are part of a larger nine-month study sponsored by Bromium.

“It’s no surprise to see cybercriminals using virtual currency for money laundering,” said the report’s author, Dr. Mike McGuire, senior lecturer in criminology at Surrey University.

“The attraction is obvious. It’s digital, so is an easily convertible way of acquiring and transferring cyber-crime revenue,” McGuire said in a statement.

Property purchases are becoming a popular target for criminals using virtual currency. This allows them to convert illegal proceeds into legitimate cash and assets, the research added.

Websites such as Bitcoin Real Estate “offer everything from penthouse suites and lavish mansions, to 160-acre private islands, all with the option to buy using bitcoins,” according to the study.

Properties purchased with cryptocurrency are not as closely scrutinized as cash purchases. Cryptocurrencies are not yet regulated by any central banks or governments, though increased scrutiny is being placed on them, with Facebook, Twitter and Google banning cryptocurrency-related ads.

About 25 percent of total property sales are predicted to be in cryptocurrency in the next few years, the study found. This worries financial analysts because it allows faster, more covert transactions. “Many with criminal origins [which] could disrupt global property markets,” the study noted.

But as law enforcement monitors Bitcoin more closely, criminals are changing tactics. “Law enforcement agencies are now monitoring Bitcoin, causing many cybercriminals to look for alternatives,” the research said.

“Information on bitcoin transactions can leak during web transactions – typically via web trackers or cookies. This means that connecting transactions to individuals is possible in up to 60 percent of Bitcoin payments,” the study added.

As a result, digital currency platforms like Monero are gaining traction. Platforms such as Monero are designed to be truly anonymous, and other services such as CoinJoin can obscure transaction origins.

The report also cites the conversion of “stolen income” into video game currency or in-game items like gold, which are then converted into bitcoin or other electronic formats.

The study lists video games such as “Minecraft,” “FIFA,” “World of Warcraft,” “Final Fantasy,” “Star Wars Online” and “GTA 5,” which “are among the most popular options because they allow covert interactions with other players that allow trade of currency and goods,” according to the research.

“Gaming currencies and items that can be easily converted and moved across borders offer an attractive prospect to cybercriminals,” McGuire said in the statement. “This trend appears to be particularly prevalent in countries like South Korea and China – with South Korean police arresting a gang transferring $38 million laundered in Korean games, back to China.”

How Uber ghost rides are linked to online money laundering

By Ron Teicher

Online service marketplaces are relatively new, and there are few ways for their operators to regularly monitor the entirety of services and transactions. Unfortunately, this creates an open environment for electronic money laundering, known as ‘transaction laundering,’ to occur.

Last November, we all discovered that no one is immune to cyber crime, when The Daily Beast published an article showing that Airbnb had been exposed to online payment system exploitation. The scam is simple: fraudsters use stolen credit cards to launder dirty money through complicit Airbnb hosts they meet in underground, online Russian forums.

Once the Airbnb booking transaction is processed, no one actually stays at the swanky (or not so swanky), advertised accommodation. Instead, the two parties split the payment and create fake end-of-stay reviews to close the transaction loop.

Because Airbnb spans thousands of locations over numerous governing jurisdictions, cyber criminals can easily capitalize on it and hide behind the huge operational scope. The current tools and processes in place to detect illegal or illicit activity are not enough to monitor the sheer volume of transactions that occur.

Uber now faces exploitations similar to Airbnb, but the transaction laundering process becomes a bit more complicated, albeit conceptually parallel: users of a laundering service pay for “ghost rides” — rides that they never took.

How the Uber scam works

Here’s how it works: the client employs a money laundering service to seek out and hire complicit Uber drivers looking to make an extra buck, who then accept ride requests from money laundering clients at pre-established rates.

Laundering large amounts of money is also pretty simple: multiple drivers are involved in the scheme, easily increasing the volume.

Then, after Uber takes its standard cut from the “ghost rides,” the complicit drivers distribute their earnings to the operator of the laundering scheme. The operator takes a cut, and passes along the remaining, clean money to the client.

Transaction laundering through Uber simply wouldn’t work without drivers willing to be part of the scam to earn their piece of the pie.

These “ghost ride” driving positions are viewed as highly valuable — providing additional revenue streams at minimal risk and involving little to no work. In fact, the positions are increasingly being advertised on online forums and have links with step-by-step guides to effectively execute the scam.

Why specifically Airbnb and Uber?

Money laundering through online platforms is highly popular among criminals because there’s no overhead to the operation, and no need to create a false business or entity, or to deal with real or fake goods.

Not to mention, these popular platforms are global-reaching and immense, allowing scammers to seamlessly cross borders with no regulatory eye keeping watch.

With the revolution of online marketplaces, comes additional risk: Transaction laundering has become rampant among many of the marketplaces we regularly visit.  While the scam is a bit different than that which occurred with Airbnb and Uber, the idea is very similar.  An unknown business uses the payment credentials of a legitimate merchant to process credit card payments for products and services, typically of illicit or illegal nature.

The core of ecommerce is the buying and selling of products and services through the internet. The process has become easy, involving just a few clicks and some data entry, and the transaction is nearly instant. Today, setting up an illegal operation for transaction laundering is just as easy as the ecommerce process, seeing that it can be done in a matter of minutes by anybody with a bit of online savvy and the motivation to commit fraud.

The scary reality is that this cyber crime becomes nearly undetectable to the major players who process millions of payments a day. And along the payment processing pipeline, all players — marketplace, credit card companies, and issuing banks — are responsible for the credibility of the transaction, knowingly or unknowingly.

What’s even scarier is that it’s estimated that transaction laundering for online sales of products and services is more than $200 billion a year in the US alone. With the high volume of transactions through online marketplaces and now the online service marketplaces, like Uber and Airbnb, that number will surely increase.

Global AML Watchdog to Step Up Crypto Money Laundering Scrutiny

The Financial Action Task Force (FATF), a global inter-governmental body that aims to tackle financial crime, has said it will step up its efforts in monitoring the use of cryptocurrencies in money laundering.

According to a memo published last Friday of its latest meeting, the task force said it has taken on board the findings of a recent report regarding the risks of cryptocurrency money laundering and the regulatory measures being adopted in different countries.

As a result, the FAFT has decided to implement additional initiatives to address the risks of cryptocurrency in money laundering.

Founded in 1989, the task force consists of ministers from its member jurisdictions who help determine standards and execute legal, regulatory and operational measures to fight money laundering, terrorist financing and other cross-border financial crimes.

Although the agency has yet to put out a concrete policy for implementation, the meeting nonetheless signals growing attention from worldwide regulators over illicit uses of cryptocurrency that could undermine the global financial system.

In fact, according to South Korea news agency Yonhap, the country’s financial regulator, the Financial Service Commission, was required to brief other 36 member states on its work bringing in anti-money laundering compliance rules for domestic cryptocurrency exchanges.

As reported previously by CoinDesk, South Korea had long been allowing exchanges in the country to offer trading services for investors via anonymous accounts, which, according to the South Korean customs agency, helped facilitate unregistered mvement of over $600 million in capital.

South Korea subsequently banned anonymous trading accounts and is now requiring exchange platforms to put in place real name verification of accounts before resuming operations.

Money Laundering Via Author Impersonation on Amazon?


Patrick Reames had no idea why sent him a 1099 form saying he’d made almost $24,000 selling books via Createspace, the company’s on-demand publishing arm. That is, until he searched the site for his name and discovered someone has been using it to peddle a $555 book that’s full of nothing but gibberish.

Reames is a credited author on Amazon by way of several commodity industry books, although none of them made anywhere near the amount Amazon is reporting to the Internal Revenue Service. Nor does he have a personal account with Createspace.

But that didn’t stop someone from publishing a “novel” under his name. That word is in quotations because the publication appears to be little more than computer-generated text, almost like the gibberish one might find in a spam email.

“Based on what I could see from the ‘sneak peak’ function, the book was nothing more than a computer generated ‘story’ with no structure, chapters or paragraphs — only lines of text with a carriage return after each sentence,” Reames said in an interview with KrebsOnSecurity.

The impersonator priced the book at $555 and it was posted to multiple Amazon sites in different countries. The book — which as been removed from most Amazon country pages as of a few days ago — is titled “Lower Days Ahead,” and was published on Oct 7, 2017.

Reames said he suspects someone has been buying the book using stolen credit and/or debit cards, and pocketing the 60 percent that Amazon gives to authors. At $555 a pop, it would only take approximately 70 sales over three months to rack up the earnings that Amazon said he made.

“This book is very unlikely to ever sell on its own, much less sell enough copies in 12 weeks to generate that level of revenue,” Reames said. “As such, I assume it was used for money laundering, in addition to tax fraud/evasion by using my Social Security number. Amazon refuses to issue a corrected 1099 or provide me with any information I can use to determine where or how they were remitting the royalties.”

Reames said the books he has sold on Amazon under his name were done through his publisher, not directly via a personal account (the royalties for those books accrue to his former employer) so he’d never given Amazon his Social Security number. But the fraudster evidently had, and that was apparently enough to convince Amazon that the imposter was him.

Reames said after learning of the impersonation, he got curious enough to start looking for other examples of author oddities on Amazon’s Createspace platform.

“I have reviewed numerous Createspace titles and its clear to me that there may be hundreds if not thousands of similar fraudulent books on their site,” Reames said. “These books contain no real content, only dozens of pages of gibberish or computer generated text.”

For example, searching Amazon for the name Vyacheslav Grzhibovskiy turns up dozens of Kindle “books” that appear to be similar gibberish works — most of which have the words “quadrillion,” “trillion” or a similar word in their titles. Some retail for just one or two dollars, while others are inexplicably priced between $220 and $320.

“Its not hard to imagine how these books could be used to launder money using stolen credit cards or facilitating transactions for illicit materials or funding of illegal activities,” Reames said. “I can not believe Amazon is unaware of this and is unwilling to intercede to stop it. I also believe they are not properly vetting their new accounts to limit tax fraud via stolen identities.”

Reames said Amazon refuses to send him a corrected 1099, or to discuss anything about the identity thief.

“They say all they can do at this point is send me a letter acknowledging than I’m disputing ever having received the funds, because they said they couldn’t prove I didn’t receive the funds. So I told them, ‘If you’re saying you can’t say whether I did receive the funds, tell me where they went?’ And they said, “Oh, no, we can’t do that.’ So I can’t clear myself and they won’t clear me.”

Amazon said in a statement that the security of customer accounts is one of its highest priorities.

“We have policies and security measures in place to help protect them. Whenever we become aware of actions like the ones you describe, we take steps to stop them. If you’re concerned about your account, please contact Amazon customer service immediately using the help section on our website.”

Beware, however, if you plan to contact Amazon customer support via phone. Performing a simple online search for Amazon customer support phone numbers can turn up some dubious and outright fraudulent results.

Earlier this month, KrebsOnSecurity heard from a fraud investigator for a mid-sized bank who’d recently had several customers who got suckered into scams after searching for the customer support line for Amazon. She said most of these customers were seeking to cancel an Amazon Prime membership after the trial period ended and they were charged a $99 fee.

The fraud investigator said her customers ended up calling fake Amazon support numbers, which were answered by people with a foreign accent who proceeded to request all manner of personal data, including bank account and credit card information. In short order, the customers’ accounts were used to set up new Amazon accounts as well as accounts at, a service that facilitates the purchase of virtual currencies like Bitcoin.

This Web site does a good job documenting the dozens of phony Amazon customer support numbers that are hoodwinking unsuspecting customers. Amazingly, many of these numbers seem to be heavily promoted using Amazon’s own online customer support discussion forums, in addition to third-party sites like

Interestingly, clicking on the Customer Help Forum link link from the Amazon Support Options and Contact Us page currently sends visitors to the page pictured below, which displays a “Sorry, We Couldn’t Find That Page” error. Perhaps the company is simply cleaning things up after being notified last week by KrebsOnSecurity about the bogus phone numbers being promoted on the forum.


Latvian Bank Faces U.S. Ban Over Money-Laundering Concerns

The U.S. Treasury Department took the severe step Tuesday of proposing to ban Latvia’s third-biggest bank from the American financial system, saying it helped process illicit transactions, including for entities with alleged ties to North Korea’s ballistic missile program.

Financial institutions in the U.S. would be barred from maintaining correspondent accounts for ABLV Bank AS, effectively ending its ability to transact in U.S. dollars, according to the Treasury Department’s Financial Crimes Enforcement Network, known as FinCEN. ABLV had allowed transactions on behalf of blacklisted entities tied to North Korea’s effort to develop nuclear weapons, as well as corruption in Russia and the Ukraine, the department said.
“ABLV has institutionalized money laundering as a pillar of the bank’s business practices,” Sigal Mandelker, the Treasury Department’s undersecretary for terrorism and financial intelligence, said in a speech Tuesday to compliance executives at a conference in New York. “We are resolved to use our economic authorities to take action against foreign banks that disregard anti-money-laundering safeguards and become conduits for widespread illicit activity.”
The U.S. Treasury relied on “unfounded and misleading information” in reaching its findings and didn’t take into account advances ABLV has made to prevent money laundering and terrorism financing, the bank said in a statement posted on its website.
The bank “shall make every care to rebut this outrageous defamatory information,” it said.

ABLV has 60 days to submit written objections to the finding. U.S. Treasury Secretary Steven Mnuchin has the final say on the imposition of the ban.

Latvia’s bank regulator said it’s cooperating with the European Central Bank, which directly supervises ABLV, and called on the bank to actively communicate with its clients.

ABLV is the 18th financial institution to be designated as a primary money-laundering concern by the Treasury Department since a law giving it authority to do so was passed in 2001. The most recent designation before ABLV was China’s Bank of Dandong in July. It was named for allegedly providing a gateway for North Korea to access the U.S. and international financial systems.

The U.S. made broad-based allegations about ABLV’s lack of anti-money-laundering controls and highlighted its recent transactions on behalf of entities related to North Korea. “ABLV facilitated transactions related to North Korea after the bank’s summer 2017 announcement of a North Korea ‘No Tolerance’ policy,” FinCEN wrote in a notice of proposed rulemaking.

Global Bank Pullback

As global banks have cut international services amid tighter regulations, steeper fines and declining profitability, Latvian banks as a group have seen access to the U.S. dollar tighten. JPMorgan Chase and Co. ceased offering dollar-clearing services in 2013 and Deutsche Bank stopped dealing with Latvian lenders last year. As a result, banks like ABLV have had to rely on other institutions that have accounts with New York-based lenders to transfer U.S. dollars.

Latvia’s banking regulator has also imposed tighter rules, record fines and annual checks for those working with foreign clients as part of an effort to shake off a reputation that the country’s institutions hold wealth with questionable origins.

The tighter dollar-clearing services have coincided with a series of money-laundering allegations. The Latvian regulator fined three banks a total of 5.5 million euros ($6.8 million) for handling accounts that were involved in a $1 billion Moldovan fraud in 2014, equivalent to about an eighth of that nation’s economic output at the time.

Five Latvian banks agreed last year to fines totaling 3.5 million euros for failing to perform adequate due diligence and gather sufficient information on transactions and beneficiaries of deals linked to North Korea.

ABLV, like the rest of the bank sector that primarily serves foreigners, has lost deposits due to the stricter enforcement regime.

The Latvian lender opened a subsidiary in Luxembourg in 2012, and ABLV Advisory Services opened an office in the U.S. in 2016. It also has representative offices in Moscow, St. Petersburg, Russia; Kiev, Ukraine; Odessa, Ukraine; central Asia, and Hong Kong.

Global Anti-Money Laundering (AML) Software Market To Reach $1.42 Billion By 2023, Reports BIS Research

BLOOMINGTON, MinnesotaDecember 27, 2017 /PRNewswire/ —

According to a new market intelligence report by BIS Research, titled Global Anti-Money Laundering Software Market – Analysis and Forecast, 2017-2023“, the global Anti-Money Laundering (AML) software market was estimated to be $690.1 million in 2016 and is expected to grow over $1.42 billionby 2023. The growth in the AML software market can be significantly attributed to the following factors: monitoring suspicious transactions, regulatory compliance requirements of financial institutions with international regulatory bodies along with analysis of historical consumer data analysis for risk management.

There is an increase in the penetration of Counter-Terrorism Financing (CTF) and Anti-Money Laundering (AML) regulations in the financial services industry, driving organizations to reinvent their compliance processes in order to act in accordance with the regulations and circumvent the possibility of fines and sanctions. Furthermore, with the wide-ranging scope of requirements for the regulations, it is essential that the compliance officers have a thorough understanding of the industry’s best practices and obligations. Utilization of anti-money laundering software provides several benefits to the financial institutes in effectively tracking transactions.

The anti-money laundering software market has witnessed a high growth rate owing to the increased need for automated transaction monitoring systems, continuous improvement in the anti-money laundering software by the regulatory organizations worldwide, and integration of big data analytics with anti-money laundering software. However, high implementation cost, the risk of security breaches, and AML software integration into the existing systems act as the major challenges for the growth of the market. Companies are developing efficient and effective Anti-Money Laundering (AML) software, including transaction monitoring software, currency transaction reporting software, customer identity management software, compliance management software, sanction screening software, and case management software, thereby meeting critical business obligations and coping with the entwined and highly complex operational and compliance risks.

According to Esha Bhatia, an Analyst at BIS Research, “Increasing penetration of anti-money laundering software in cryptocurrency market, adoption of AML in the emerging economies, and Robotic Process Automation (RPA) in AML and KYC are the major factors which are expected to create lucrative opportunities for the market in the next five years. The market is filled with advancements in anti-money laundering systems, in order to promote digital currency activities. The U.S. government is focusing on making virtual currency an official mode of payment, therefore, the vendors of AML software can leverage the opportunity to expand their market and ensure that money laundering does not take place. The increasing levels of interest to minimize money laundering activities is expected to drive the AML software market to grow at a CAGR of 10.78% during the forecast period.”

The market report provides a detailed analysis of the recent trends influencing the market, along with a comprehensive study of the future trends and developments. It also includes a competitive analysis of the leading players in the industry, including corporate overview, financials, financial summary and SWOT analysis. The overall market has been segmented by software type along with deployment type. The report also includes a comprehensive section on the geographical analysis which has been segmented into four major regions namely: North AmericaEuropeAsia Pacific and Rest of the World (RoW).

This report is a meticulous compilation of research on more than 50 major players in the AML Software industry. Moreover, it draws upon insights from in-depth interviews of key opinion leaders of more than 15 leading companies, market participants, and vendors. The report also profiles around 16 companies, which are leading solution providers, including Nice Actimize, ACI Worldwide, Experian PLC, BAE Systems, and SAS, among others.

Key questions answered in the report:

  • What are the major market drivers, challenges, and opportunities in the global AML software market?
  • What is the supply chain for the global AML software market?
  • What is the market value of AML software market for different software?
  • What is the market value of AML software market for different deployment type on the basis of on-premise and cloud?
  • What is the market value of AML software market on the basis of different geographical regions?
  • Which geographical location will dominate the AML software market?
  • What will be the growth rate of different segments of the AML software market during the forecast period?
  • Who are the key players in the AML Software market?
  • What are the key developmental strategies implemented by the key players to stand out in this market?
  • What is the market share of the leading players in the global AML software market for 2016?

About BIS Research:

BIS Research (Business Intelligence and Strategy Research) is a global B2B market intelligence and advisory firm which focuses on those emerging trends in technology which are likely to disrupt the dynamics of the market.

With over 150 market research reports published annually, BIS Research focuses on high technology verticals such as 3D Printing, Advanced Materials & Chemicals, Aerospace and Defence, Automotive, Healthcare, Electronics & Semiconductors, Robotics & UAV and other emerging technologies.

Our in-depth market intelligence reports focus on the market estimations, technology analysis, emerging high-growth applications, deeply segmented granular country-level market data and other important market parameters useful in the strategic decision making for senior management.

What distinguishes BIS Research from the rest of the players is that we don’t simply provide data, but also complement it with valuable insights and actionable inputs for the success of our clients.