BlogU.S. Wire Fraud Case: Multiple Companies and Multiple Banks ExploitedOctober 10, 2016 by Denise Hutchings Wire fraud that emanates from the combination of identity theft and email compromise has skyrocketed to an escalated threat level in the class of evolving cybercrimes which exploit both financial institutions and their customers. To help shine a spotlight on... |
BlogLaw enforcement benefits from information sharingSeptember 23, 2016 by Nasdaq Verafin The value of the information that financial institutions (FIs) provide to law enforcement is immeasurable. In May 2016 FinCEN held a ceremony at the U.S. Department of the Treasury to present its second annual Law Enforcement Awards. In its press... |
BlogThe CDD Final Rule: Seven Things to RememberJuly 7, 2016 by Nasdaq Verafin Until now, the lack of any general requirement for financial institutions (FIs) to know and verify the identity of the beneficial owners of their entity customers created the opportunity for criminal exploitation of the banking system through anonymous access. This... |
BlogEMV Transition: Get Ahead of the ATM Liability ShiftJuly 6, 2016 by Nasdaq Verafin With the transition to EMV firmly underway in the United States, we thought it would be a good time to discuss progress and the potential impact to your card fraud programs. Liability Shift As of October 2015, Liability Shift (LS)... |
BlogThree Technological Landmarks in the Fight Against Financial CrimeMay 20, 2016 by Nasdaq Verafin If there’s such a thing as a sure bet, it’s that criminals will always adapt and find a way to grow their bottom line. And that’s why, in the world of financial crime technology, stagnation is fatal. A lack of... |
BlogIt’s Tax Fraud SeasonJanuary 21, 2016 by Brendan Brothers With the holiday season behind us and the new year underway, it’s time to prepare for a brand new season—the 2016 tax filing season. Over the next few months, fraudsters will exploit the personal information of thousands of U.S. taxpayers... |
BlogPeer PerspectivesMarch 26, 2015 by Nasdaq Verafin Collaborating under Section 314(b) of the USA PATRIOT Act has been a hot topic these days and with good reason, it’s a simple but effective way to strengthen your financial crime detection. Read about that effectiveness yourself from some industry... |
BlogCollaboration 101: The Basics of 314(b) Information SharingMarch 26, 2015 by Nasdaq Verafin We teach our kids to share, we understand the value of teamwork, and we know that usually, the whole is indeed greater than the sum of its parts. These ideas of sharing, collaboration and teamwork prove beneficial for most things... |
