GLOBAL AML/KYC SPENDING PROJECTED TO TOTAL $1.6 BILLION IN 2022, RISING 15% AS GOVERNMENTS CONTINUE TO FOCUS ON FIGHTING FINANCIAL CRIME - NEW BURTON-TAYLOR REPORT

• Refinitiv leads in total revenue, followed by LexisNexis Risk Solutions and Dow Jones
• Double digit growth occurred across all regions with the Americas accounting for the greatest regional share
• AML/KYC budgets have increased 22% over the last three years

LONDON and NEW YORK, Oct. 4, 2022 /PRNewswire/ -- Global spend on Anti-Money Laundering (AML)/ Know-Your-Customer (KYC) data & services is projected to total a record $1.56 billion in 2022, according to a new research report published today by Burton-Taylor International Consulting, part of TP ICAP's Data & Analytics division, Parameta Solutions.

Other key findings include:

• Refinitiv remained the largest provider of AML/KYC data & services in 2022, with strong year-on-year growth boosted by the integration of recent acquisitions.
• Following the 2020 acquisition of Regulatory Data Corp. by Bureau van Dijk, 2021 saw further consolidation among major AML/KYC data providers with LexisNexis and Accuity merging operations under the LexisNexis Risk Solutions name.  The new company is expected to have the second highest 2022 revenue at $313.5 million.
• Bureau van Dijk and LexisNexis have the two highest 5-year CAGRs in the industry, with both companies expected to continue strong growth.

Monetary penalties, regulatory sanctions, and reputational loss due to non-compliance are the most important factors driving the market growth. Demand also continues to rise as businesses and regulators continue the fight against financial crime. Spurred by developments in advanced technology and increased regulatory scrutiny, global spend for AML/KYC data, information and services is projected to increase 15% in 2022 to total $1.56 billion, generating an industry 5-year CAGR of 16.6%.

Burton-Taylor today announced the publication of its Anti-Money Laundering/Know-Your-Customer Data & Services Global Market Share 2022 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 [email protected], or telephone +1 646 225-6696.

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.

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