Celent Ranks Anti-Money Laundering Vendors

Between 2003 and 2005, Celent Communications estimates there will be approximately $632.2 million spent on anti-money-laundering software- related hardware and services in the United States - by banks, broker/dealers and insurance carriers.

To help institutions with their decisions, Celent has ranked the vendors.

The vendors are ranked in two categories: transaction monitoring and watch-list filtering. The report also ranks them according to which solutions are more appropriate for a large institution and which are better for small- to medium-size firms.