 | About 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. |
BlogRomance Fraud ScamsJuly 9, 2017 by Nasdaq Verafin Crime prevention is regularly focused on statistics and numbers. High dollar losses make for eye-catching headlines, sometimes making it easy to forget that fraud has a very human impact. If there is one thing we know about criminals, it’s that... |
BlogACH Payments: Mitigating the Risks of Faster FraudJune 12, 2017 by Nasdaq Verafin ACH payments have become one of the primary means of noncash payment in the past fifteen years. As consumers demand more convenience and flexibility in their banking options — these popular electronic money transfers create potential risks for your financial institution.... |
BlogUsing analytics to uncover and help human trafficking victimsMarch 21, 2017 by Nasdaq Verafin “It ought to concern every person, because it is a debasement of our common humanity. It ought to concern every community, because it tears at our social fabric. It ought to concern every business, because it distorts markets. It ought... |
BlogSix things to consider when investigating check deposit fraudFebruary 6, 2017 by Nasdaq Verafin Good ol’ checks. Even though their use continues to decline, they’re still a thorn in the side of fraud investigators. The Federal Reserve Payments Study 2016 shows the number of check payments in 2015 fell to 17.3 billion, down 2.5... |
BlogPreventing thousands of dollars in fraud loss through early detectionNovember 21, 2016 by Nasdaq Verafin The ability to detect deposit fraud early and take decisive action is more important for financial institutions (FIs) than ever before. In its biennial 2015 Deposit Account Fraud Survey, conducted with commercial and savings banks, the American Bankers Association (ABA)... |
BlogLaw enforcement benefits from information sharingSeptember 23, 2016 by Nasdaq Verafin The value of the information that financial institutions (FIs) provide to law enforcement is immeasurable. In May 2016 FinCEN held a ceremony at the U.S. Department of the Treasury to present its second annual Law Enforcement Awards. In its press... |
BlogThe CDD Final Rule: Seven Things to RememberJuly 7, 2016 by Nasdaq Verafin Until now, the lack of any general requirement for financial institutions (FIs) to know and verify the identity of the beneficial owners of their entity customers created the opportunity for criminal exploitation of the banking system through anonymous access. This... |
BlogEMV Transition: Get Ahead of the ATM Liability ShiftJuly 6, 2016 by Nasdaq Verafin With the transition to EMV firmly underway in the United States, we thought it would be a good time to discuss progress and the potential impact to your card fraud programs. Liability Shift As of October 2015, Liability Shift (LS)... |
BlogThree Technological Landmarks in the Fight Against Financial CrimeMay 20, 2016 by Nasdaq Verafin If there’s such a thing as a sure bet, it’s that criminals will always adapt and find a way to grow their bottom line. And that’s why, in the world of financial crime technology, stagnation is fatal. A lack of... |
BlogPeer PerspectivesMarch 26, 2015 by Nasdaq Verafin Collaborating under Section 314(b) of the USA PATRIOT Act has been a hot topic these days and with good reason, it’s a simple but effective way to strengthen your financial crime detection. Read about that effectiveness yourself from some industry... |
