Verafin’s FRAML software solution provides cross-channel, risk-rated fraud and money laundering alerts that let you act quicker to protect your customers and reputation.

Money launderers typically move their dirty money around in multiple ways to avoid detection; however, Verafin helps detect this activity.

Verafin uses intelligent segmentation to alert you to new high-risk customers such as PEPs, NRAs, PSPs or ATM owners, and stratifies the risk within those groups. With targeted transaction monitoring for your high-risk customer groups, you gain more flexibility for due diligence reviews, and a more accurate picture of your institution’s risk profile.