FINTRAC Reporting for Canadian Financial Institutions

Federal law requires Canadian financial institutions to report suspicious transactions, electronic funds transfers and large cash transactions to FINTRAC. Investigating, compiling and submitting these transactions... 

Account Fraud

From 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... 

Financial Crime Case Management

Verafin’s Financial Crime Management platform includes Fraud Detection, BSA/AML Compliance, High-Risk Customer Management and Secure 314(b) Information Sharing solutions. Our integrated Case Management functionality allows... 

Enhanced Due Diligence

Institutions 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... 

Risk Surveillance

Required 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... 

Risk Stratification

Typical risk systems use generic models that result in large volumes of high-risk customers. But not all high-risk customers are created equal. A local charity,... 

Enterprise Fraud Management

Fraud continues to plague financial institutions — with evolving scams and schemes, fraud is a constantly evolving threat, with criminals probing for an opening in... 

Enterprise Reporting & Dashboards

Financial crime management is a fast-paced and challenging environment characterized by evolving criminal trends and shifting regulatory landscapes. Rising to these challenges requires quick and... 

FRAMLx: Cross-Institutional Analysis

Criminals are performing increasingly complex financial crimes that stretch beyond your own four walls. It is a serious challenge to properly assess the risk a... 

Online Account Takeover Detection