Gartner defines the anti-money-laundering (AML) solutions market as the IT systems used to comply with the set of regulations, policies, and procedures designed to detect, prevent, and report those financial crimes that are associated with money laundering. Money laundering is the process used by criminals and criminal organizations to disguise illicitly obtained funds as legitimate revenue through the use of payments and funds transfers that exploit “money mules” and shell/holding companies. AML tools aim to prevent bad actors gaining benefits from their illegal activities and to combat crimes such as drug trafficking, tax evasion and human slavery.
Data and Analytics refers to products and services that enable organizations to collect, integrate, analyze, and act on data to drive informed decision-making and business outcomes. This category includes markets that focus on empowering enterprises to manage data pipelines, ensure data quality and governance, extract insights through advanced analytics, and machine learning across structured and unstructured data environments.