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BlogArtificial Intelligence: The Future of Financial Crime Investigations is HereJune 5, 2025 by Chuck Taylor Over the past 25 years, I’ve had the privilege of witnessing the evolution of financial crime investigations from the inside. From the early days of manual transaction reviews and siloed data systems to today’s platforms powered by artificial intelligence, the... |
BlogFinancial Crime Management in the UK & EU: The Value of Information SharingMay 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... |
BlogCross-Border Illicit Activity in Europe: International Financial Crime Knows No BoundsApril 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$750B in Illicit Flows: Insights into Financial Crime across EuropeApril 23, 2025 by Stephanie Champion In today’s interconnected world, it is critical to safeguard the global financial system from illicit activity. As the industry confronts the world’s $3.1 trillion financial crime problem, our recent Special Edition of the 2024 Global Financial Crime Report has taken... |
BlogCountdown to Compliance: Meeting the New Nacha RulesMarch 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,... |
BlogPredicate Crimes to Money Laundering: 5 Key Illicit ActivitiesMarch 7, 2025 by Nasdaq Verafin Predicate crimes to money laundering are criminal activities that generate illicit profits, which are then reintroduced into the economy through a process of placement, layering, and integration. From drug and human trafficking to terrorist financing and fraud, these illegal activities... |
BlogForged Endorsement: The Signature Aspects of the CrimeFebruary 27, 2025 by Nasdaq Verafin Checks stolen from the mail and fraudulently endorsed accounted for 20 percent of the check fraud reported in FinCEN’s recent Financial Trend Analysis. Known for its unsophisticated methodology, stolen checks deposited with a forged signature are incredibly difficult to identify... |
BlogImproving Complex Financial Crime Investigations with Big Data, AI, and AutomationFebruary 20, 2025 by Nasdaq Verafin In 2023, $3.1 trillion in money laundering and illicit funds flowed through the global financial system. The need to follow the money, uncover hidden connections and provide actionable intelligence to law enforcement is acute. For many financial institutions, unravelling intricate... |
BlogAgentic AI Ushers in a New Age of Automation for Financial Crime ManagementFebruary 18, 2025 by Rob Norris While generative AI has been dominating industry conversations, new advancements in AI technology are just on the horizon with the rise of agentic AI that has the potential to deliver a step change in automation for financial crime management — and the... |
BlogGuarding the Golden Years Part 2: Effectively Detecting Elder Financial ExploitationFebruary 13, 2025 by Nasdaq Verafin Elder financial exploitation (EFE) is a heinous crime, capitalizing on the vulnerabilities of older adults with limited technological knowledge and readily available liquid assets. In a recent Interagency Statement, FinCEN and other agencies are urging financial institutions to take action... |
