United States
United States
 | 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. |
BlogIncreased Use of Virtual Currency in Human TraffickingMarch 5, 2024 by Nasdaq Verafin Criminals will exploit the most vulnerable in society for significant financial gain. According to Nasdaq’s Global Financial Crime Report, in 2023, $346.7B of illicit funds was linked to human trafficking activity – although this number is likely only a fraction... |
BlogElder Fraud: Prevalent & PreventableMarch 4, 2024 by Nasdaq Verafin Elder fraud is unquestionably reprehensible, but its prevalence is remarkably high. An estimated 1 in 10 elderly Americans are abused each year, and in Nasdaq’s 2024 Global Financial Crime Report, $77.7 billion of all reported global fraud was linked to elderly victims.... |
BlogIs your Information for Sale on the Dark Web?February 26, 2024 by Nasdaq Verafin “The “dark web” is an internet shadow world where the good and the bad co-exist… On the bad side, the dark web has emerged as an important hub of criminal commerce, a fully functional marketplace where hidden customers can buy... |
BlogRomance Scams: A Heartless RealityFebruary 26, 2024 by Nasdaq Verafin Through lies and deceit, fraudsters will wholly dedicate themselves to gaining a victim’s trust and then abuse it for financial gain. Romance scams epitomize this tactic. Among the world’s fastest growing frauds, romance scams and other confidence schemes caused $3.8... |
BlogTurning the Tide: Expert Insights on $3.1T in Financial CrimeFebruary 23, 2024 by Nasdaq Verafin Focusing on striking revelations from the recently released Nasdaq 2024 Global Financial Crime Report, Verafin hosted an expert panel presentation on the implications of over $3.1 trillion in illicit money that flowed through the financial system in 2023. This special... |
BlogA $3.1 Trillion Financial Crime EpidemicFebruary 5, 2024 by Nasdaq Verafin Historically, quantifying the scale of financial crime has been a major challenge. In a new 2024 Global Financial Crime Report, Nasdaq and Verafin have brought together expert research and data, industry perspectives, and the voices of survivors to provide insights... |
BlogIdentity ExploitationJanuary 31, 2024 by Nasdaq Verafin Bad actors are increasingly turning to identity exploitation, gaining access to personally identifiable information (PII) in record amounts to drive money laundering, fraud, and cybercrime. A recent Financial Trend Analysis from FinCEN has illustrated how criminals are exploiting a variety... |
BlogA Broken Promise: Forced Labor TraffickingJanuary 15, 2024 by Nasdaq Verafin Everyone wants the opportunity for a better life. However, some people are limited by conditions beyond their control – from ongoing conflict to economic uncertainty – making them vulnerable to exploitation. According to the U.S. Department of State, approximately 21.2... |
BlogStolen Lives – International Sex TraffickingJanuary 10, 2024 by Nasdaq Verafin Human trafficking is financially motivated. Described as a “crime that involves other crimes,” human trafficking is typically connected to illicit money flow, corruption, document fraud, trafficking in illicit goods, cybercrime and terrorism. Sexual exploitation remains the most common motive for... |
BlogHidden in Plain Sight: Domestic Sex TraffickingJanuary 3, 2024 by Nasdaq Verafin Human trafficking can occur anywhere – the reality of domestic sex trafficking is that it is closer than you think. Victims of domestic sex trafficking are individuals targeted within their own neighborhoods, cities, towns, or country. While numbers are massively... |
