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Author Archives: Nasdaq Verafin

mmAbout Nasdaq Verafin

Nasdaq Verafin provides Fraud Detection and Management, AML/CFT Compliance and Management, High-Risk Customer Management, Sanctions Screening and Management, and Information Sharing solutions.

Blog

Ending Check Fraud with Consortium Clarity

August 27, 2025 by Nasdaq Verafin

Check fraud has remained a mainstay of criminal fraud tactics for hundreds of years. Yet, after centuries of technological advancement, reliance on this legacy payment method persists while fragmented, delayed approaches to preventing check fraud are allowing check scams to... 

Blog

ACH Fraud: Time is Running Out to Meet the New Nacha Rules

August 22, 2025 by Nasdaq Verafin

The countdown to compliance with the new Nacha rules is on. With the March 20 deadline fast approaching, financial institutions must act immediately to meet new requirements designed to combat the growing threat of ACH fraud. Implementing a robust ACH... 

Blog

Drug Trafficking Detection: FinCEN Reinforces AML Priorities

August 18, 2025 by Nasdaq Verafin

Drug trafficking detection is a greater priority for financial institutions with the current administration’s move to designate international cartels as terrorists. In response, FinCEN has enhanced its National Priorities with new rules that give financial institutions more incentive to identify... 

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Terrorist Financing: 5 Key Insights from the Latest FATF Report

August 14, 2025 by Nasdaq Verafin

The fight against terrorist financing is more complex than ever. The Financial Action Task Force (FATF) has released its July 2025 “Comprehensive Update on Terrorist Financing Risks,” and the findings are essential reading for AML professionals. Despite years of global... 

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Terrorist Financing: Evolving Threats to Global Peace

July 8, 2025 by Nasdaq Verafin

Terrorist financing contributes an estimated $11.5 billion to the world’s $3.1 trillion financial crime problem, threatening the safety of innocent civilians both domestically and abroad. As a predicate crime to money laundering, terror financing is also identified in FinCEN’s report,... 

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Financial Crime Management in the UK & EU: The Value of Information Sharing

May 12, 2025 by Nasdaq Verafin

In the financial industry, competition between institutions is usually good for customers. It leads to more reliable products and services, competitive pricing and improved accessibility. However, in the case of financial crime management, the opposite is true: information sharing between... 

Blog

Check Fraud: Placing the Back of a Check Front and Center

May 8, 2025 by Nasdaq Verafin

In 2023, $21 billion, or 80%, of global check fraud took place in the Americas, primarily the U.S. As fraud scenarios such as counterfeit, washed and altered checks grow increasingly prevalent, financial institutions need to identify and implement innovative solutions... 

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Cross-Border Illicit Activity in Europe: International Financial Crime Knows No Bounds

April 25, 2025 by Nasdaq Verafin

European banks face an increasingly complex environment as criminals exploit the highly interconnected and real-time nature of the global payment system to move funds on a massive scale. This cross-border illicit funds movement, or the flow of illegal funds from... 

Blog

New Measures Strengthen Canada’s AML/ATF Regime

April 2, 2025 by Nasdaq Verafin

“The Government of Canada is committed to maintaining a strong Anti-Money Laundering and Anti-Terrorist Financing framework that maintains the integrity of Canada’s financial system. These amendments will ensure that we remain effective and nimble in combatting financial crime and block... 

Blog

Countdown to Compliance: Meeting the New Nacha Rules 

March 21, 2025 by Nasdaq Verafin

The deadline for compliance with the new Nacha operating rules is a year away. With payments made through the Automated Clearing House (ACH) network increasing by a trillion-dollar value every year, fraudsters have their eye on that money. In 2024,...