Feature SheetRegulatory ReportingFederal law requires Canadian financial institutions to report suspicious transactions, and certain electronic funds transfers and large cash transactions to FINTRAC. Investigating, compiling and submitting... |
Feature SheetCheck Fraud & Check KitingEven with the rise in digital channels, criminals are still using stolen and counterfeit checks and kiting schemes to cause financial institutions extensive losses. In-clearing... |
Feature SheetAccount FraudFrom doctoring checks to exploiting your most vulnerable customers, criminals will stop at nothing to defraud your financial institution’s accounts for their gain. The threat... |
Feature SheetHigh-Risk Customer SegmentationAre you banking high-risk customers you don’t know about? Verafin can help you segment customers in high-risk categories, including Politically Exposed Persons (PEPs), Non-Resident Aliens... |
Feature SheetEnhanced Due DiligenceInstitutions are facing challenges in meeting requirements for conducting Enhanced Due Diligence (EDD) reviews of high-risk customers. Managing the volume of reviews created as a... |
Feature SheetRisk SurveillanceRequired ongoing surveillance of your high-risk customers can be a challenging, manual process, with unusual activity often uncovered through general AML transaction monitoring. By analyzing... |
Feature SheetRisk StratificationTypical risk systems use generic models that result in large volumes of high-risk customers. But not all high-risk customers are created equally. A local charity,... |
Feature SheetHigh-Risk Customer ManagementFinancial institutions are under increased regulatory pressure to complete Customer Due Diligence and Enhanced Due Diligence (CDD/EDD), particularly regarding the identification, risk scoring and surveillance... |
Feature SheetEnterprise Fraud ManagementFraud continues to plague financial institutions. It is a constantly evolving threat, with criminals always probing to find an opening in an institution’s defense. Learn... |
Feature SheetEnterprise ReportingThe ability to deep dive into the wealth of data surrounding your BSA compliance and fraud detection efforts provides access to information vital to your... |
