Beneficial Ownership: 5 Key Compliance Obligations

August 14, 2017 by Nasdaq Verafin

...standard certification form (Certification Form (Appendix A)) or by any other means that comply with the substantive requirements of this obligation.”The question on the minds of many compliance professionals is,...

U.S. Bank Account Information Sold on Dark Web Marketplace

August 25, 2016 by Denise Hutchings

...very informative advisory on e-mail compromise fraud schemes which FinCEN published on September 6, 2016. The advisory explains how Business E-mail Compromise (targets commercial accounts) and E-mail Account Compromise (targets...

Is your Information for Sale on the Dark Web?

February 26, 2024 by Nasdaq Verafin

...or to command shocking prices from other nefarious actors. From credit cards and account details to licenses and passports, on the dark web everything has a price. The Dark Web:...

Front-Line Functionality

...staff can capture the information you need to complete BSA requirements and alert you to unusual in-branch activity. Request a Custom Front-Line Functionality Demo CDD ACCOUNT OPENING QUESTIONNAIRE Ensure front-line...

U.S. Court Case: 9 Banks and 50 Bank Accounts Exploited by Human Trafficking Ring

February 21, 2017 by Denise Hutchings

...company” listed the Dispatcher as the Chief Executive Officer listed Company #2 as one of the managers Official records for Company #2: identified it as a property management company listed...

Information Sharing

Request a Demo Nasdaq Verafin provides a centralized platform for information sharing that allows investigators at 314(b)-registered financial institutions to easily send, receive, and respond to requests for information directly...

Dark Web: Inside the Internet’s Underworld

March 20, 2024 by Nasdaq Verafin

...they need to bypass authentication measures at financial institutions to commit fraud, resulting in losses for customers and institutions. Monetary instruments obtained from dark web marketplaces can easily be laundered...

2024 Global Financial Crime Report

Download Now Download Now $ B $ B $ B $ B $ B $ B...

Defying the Digital Revolution: Conventional Check Fraud Continues to Challenge Financial Institutions

November 26, 2019 by Nasdaq Verafin

...obtain the information and resources they need to commit check fraud. Take for example the surge in mailbox fishing, a devious technique where large quantities of mail is stolen from...

Analysis & Commentary: FinCEN’s Proposed Burden Estimate for Preparing and Filing SARs

May 29, 2020 by Jim Richards

...analysis examined combinations of: The number of named suspects The number of suspicious activity categories marked on the SAR form The length and composition of the narrative Whether or not...