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Is your Information for Sale on the Dark Web?

February 26, 2024 by 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... 

  Blog

Romance Scams: A Heartless Reality

February 26, 2024 by 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... 

  Blog

Turning the Tide: Expert Insights on $3.1T in Financial Crime

February 23, 2024 by 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... 

  Blog

Relationship Fraud: The Truth Behind a Devastating Crime

February 12, 2024 by Debby Montgomery Johnson

Photo: Debby Montgomery Johnson, Fraud Awareness & Victim Support Advocate Relationship fraud and other confidence schemes exploit people in their most vulnerable moments. Motivated by greed and perpetrated through deceit, the truth is that these scams deeply affect victims and... 

  Blog

A $3.1 Trillion Financial Crime Epidemic

February 5, 2024 by 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... 

  Blog

Identity Exploitation

January 31, 2024 by 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... 

  Blog

Fraud Trends & Technology 2023

January 22, 2024 by Colin Parsons

Fraud never sleeps, and neither should financial institutions. As digital technology continues to develop new and faster ways to move money throughout the financial system, fraudsters are evolving to find new ways to intercept that money and commit their nefarious... 

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Canadian Financial Crime Trends & Technology 2023

January 17, 2024 by Bill Heys

Canadian financial institutions are facing significant challenges preventing fraud and money-laundering activities. In our recent year-end webinar, Verafin had the opportunity to speak with Sarah Paquet, Director and Chief Executive Officer of FINTRAC, to discuss the changing landscape of fraud... 

  Blog

A Broken Promise: Forced Labor Trafficking

January 15, 2024 by 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... 

  Blog

AML Trends & Technology 2023

January 11, 2024 by Bill Heys

2023 was a year of considerable change for AML. The rise in Artificial Intelligence (AI) and other innovations offered opportunities for increased efficiency in investigations. In our year end presentation, 2023 AML Trends & Technology: A Year in Review: What’s...