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Financial industry research and analysis to help you understand key trends and issues facing financial institutions.
BlogNasdaq Verafin Catches Over $1 Billion in Check Fraud in 2025December 18, 2025 by Nasdaq Verafin Check fraud remains a major threat for financial institutions of all sizes. In 2025 alone, Nasdaq Verafin caught over $1 billion in check fraud across the check lifecycle, as criminals continue to exploit blind spots in legacy detection capabilities. New findings from Nasdaq Verafin’s consortium data network of more than 2,700... |
Blog3 Takeaways from Auriemma Roundtables on Check Fraud DetectionDecember 16, 2025 by Mauriceo Castanheiro Check fraud remains an urgent topic for financial institutions — in 2023 it caused $21 billion in losses across the Americas, and losses remained high last year. As financial institutions face increasingly sophisticated threats, consortium analytics has emerged as a powerful tool to strengthen check fraud prevention and improve efficiency in financial crime management. ... |
BlogA Look Ahead: The Potential Impact of the Streamline ActDecember 9, 2025 by Chuck Taylor In my previous blog I looked at the practical implications of the FAQs regarding Suspicious Activity Reporting Requirements issued by key U.S. financial regulatory bodies in October 2025. Nasdaq Verafin brought together a dedicated Customer Advisory Group (CAG), including AML... |
BlogFrom Guidance to ActionDecember 3, 2025 by Chuck Taylor Five key U.S. financial regulatory bodies, including the Financial Crimes Enforcement Network (FinCEN), jointly issued a set of Frequently Asked Questions (FAQs) on October 9, 2025, to clarify requirements related to Suspicious Activity Reports (SARs). Nasdaq Verafin convened a targeted... |
BlogColin Parsons on the Future of Check Fraud DetectionOctober 14, 2025 by Nasdaq Verafin Despite the meteoric rise of digital payments, check fraud remains a persistent and costly challenge for financial institutions. In 2023 alone, over $20 billion was lost to check fraud in the United States. To understand why this legacy threat continues... |
BlogCheck Fraud: Placing the Back of a Check Front and CenterMay 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... |
BlogNew Measures Strengthen Canada’s AML/ATF RegimeApril 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... |
BlogPreventing Payments FraudJuly 24, 2024 by Colin Parsons In 2023, losses from payments fraud scams totaled $485.6B worldwide. With a perfect scenario of high-value transactions combined with a narrow window of opportunity for institutions to intervene, payments fraud scams will only continue to challenge financial institutions unless our... |
BlogIndustry Insights: Addressing Anti-Financial Crime ChallengesMay 22, 2024 by Nasdaq Verafin In today’s financial industry, the fight against financial crime looms large. Financial institutions are contending with a global $3.1 trillion financial crime problem, charged with safeguarding the integrity of the financial system in a landscape fraught with costs, complexities, and... |
BlogACH Fraud: NACHA Promotes Detection Across TransactionsApril 23, 2024 by Nasdaq Verafin Last year, NACHA’s ACH Network saw its eleventh straight year of growth exceeding $1 trillion as demand from consumers for electronic payments increased — and fraudsters are following the money. As Business Email Compromise (BEC) and other authorized push payment... |
