Cloud Insights: Big Data Trends & Discoveries

Verafin has uncovered unique insights into the scope of wire fraud, ACH fraud, and Business Email Compromise (BEC) through analysis of our immense data set... 

Business Email Compromise – a Growing Threat

Wire Fraud

Wire fraud is a growing threat for financial institutions – as fraud schemes continue to evolve and become more sophisticated, with high-value, irrevocable transfers at... 

Sanctions Screening

Financial institutions are facing increased expectations to employ a risk-based approach to sanctions compliance. As lists constantly evolve and the risks of non-compliance increase, conventional... 

Renewing the BSA: Anti-Money Laundering Act of 2020 (AMLA) and AML/CFT Reform

The Anti-Money Laundering Act of 2020 (AMLA) may usher in the most profound changes to the BSA/AML regime since the USA PATRIOT Act, with potential... 

10 Tips for Financial Crime Management during the COVID-19 Crisis

The COVID-19 crisis has created enduring challenges for financial institutions nationwide. From pervasive fraud scams and counterfeit checks to devastating Business Email Compromise (BEC) attacks,... 

A Surge in Scams

Opportunistic criminals are leveraging the COVID-19 pandemic for their gain, preying on heightened consumer fear and anxiety during the crisis. With schemes related to COVID-19... 

Challenges & Change in the COVID-19 Crisis

From remote work to surging first-time online banking users, the COVID-19 pandemic has had a widespread impact on customer behavior and compelled institutions to adopt... 

Applying AI to Fight Crime

More and more financial institutions are leveraging Artificial Intelligence (AI) solutions such as Machine Learning and Robotic Process Automation (RPA) to increase the effectiveness and... 

Artificial Intelligence: Outsmarting Financial Crime

Artificial Intelligence (AI) is a powerful, dynamic solution that offers benefits to help fight modern financial crime. Financial Institutions are increasingly utilizing AI-driven fraud, money...