United States
United States
BlogTop 3 Threats Facing the Financial SystemApril 30, 2024 by Nasdaq Verafin The global financial system is facing prolific and diverse threats from financial crime, driven by illicit fraud and money laundering schemes. In the 2024 Nasdaq Global Financial Crime Report, a survey of 200 industry professionals, along with interviews with senior... |
BlogFunnel AccountsApril 10, 2024 by Nasdaq Verafin Funnel accounts continue to thrive as criminal organizations leverage the tactic to exploit the U.S. banking system and quickly move money across great distances at minimal cost — all while enabling anonymity for the depositors. Used as a method to... |
BlogHuman Trafficking: A Humanitarian CrisisApril 2, 2024 by Nasdaq Verafin “$350 billion dollars from human trafficking. Imagine how many victims had to suffer — sweat, blood, and tears — for $350 billion dollars.” – Timea Nagy, Human Trafficking Activist & Survivor Human trafficking is a global humanitarian crisis. At any... |
BlogUnderstanding the Risks that Shape the Financial LandscapeMarch 27, 2024 by Nasdaq Verafin The United States is the largest economy in the world, making it a preferred target for money laundering. In the 2024 National Money Laundering Risk Assessment (NMLRA), the Department of the Treasury highlights the numerous risks shaping the financial landscape,... |
BlogDark Web: Inside the Internet’s UnderworldMarch 20, 2024 by Nasdaq Verafin “Injustice anywhere is a threat to justice everywhere.” – Martin Luther King Jr. The cloak of anonymity can be used to protect someone from scrutiny or to conceal the worst human behavior imaginable. The dark web, originally conceived to allow... |
BlogBusiness Email Compromise: A Global MenaceMarch 14, 2024 by Nasdaq Verafin First identified in the early 2010s by the FBI as a financial cyber threat, Business Email Compromise (BEC) has evolved into a global menace to the integrity of our financial system. Nasdaq’s 2024 Global Financial Crime Report attributed $10 billion... |
BlogRomance Scams: 6 Questions to Save Lives & LivelihoodsMarch 6, 2024 by Colin Parsons “People lose their homes, their security, everything. They have already lost their friends, their family, and ultimately some are losing their lives. We don’t want that to happen. As a professional, would it be better for you to question their... |
BlogElder Fraud: Prevalent & PreventableMarch 4, 2024 by Nasdaq Verafin Elder fraud is unquestionably reprehensible, but its prevalence is remarkably high. An estimated 1 in 10 elderly Americans are abused each year, and in Nasdaq’s 2024 Global Financial Crime Report, $77.7 billion of all reported global fraud was linked to elderly victims.... |
BlogIs your Information for Sale on the Dark Web?February 26, 2024 by Nasdaq 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... |
BlogRomance Scams: A Heartless RealityFebruary 26, 2024 by Nasdaq 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... |
