Relationship Fraud: The Truth Behind a Devastating Crime

February 12, 2024 by Debby Montgomery Johnson

...denial and anger as they come to terms with the gross violation of trust that these scams represent, and that their relationship with the scammer was a fraud. When my...

FinCEN and Federal Banking Agencies Encourage Banks to Innovate

December 4, 2018 by Nasdaq Verafin

...Federal Deposit Insurance Corporation, the National Credit Union Administration, and the Office of the Comptroller of the Currency — encourages financial institutions to embrace innovative approaches to combat money laundering,...

Payments Fraud

Download the Brochure With a network of thousands of financial institutions in the Cloud, Nasdaq Verafin’s consortium data approach delivers insights into counterparty risk that significantly improves payments fraud detection...

Disorganized Data: How Unresolved Entities Complicate AML Investigations

September 22, 2022 by Nasdaq Verafin

...or other error-prone, manual documentation from other parts of the business – it can take days to receive and compile this information. With so much data coming from so many...

AML Trends and Technology 2022

January 27, 2023 by Bill Heys

...of conventional AML approaches. To obtain a complete picture of your customer’s activity and understand their behavior, including relationships and interactions, investigation teams need a data-driven, holistic approach in a...

ACH Fraud

...combat fraud with confidence. Using the Nasdaq Verafin consortium and insights from 575 million counterparty profiles, our ACH fraud analytics consider the complete picture of risk across the entirety of...

The Importance of Information Sharing to Combat Terrorist Financing

November 21, 2023 by Nasdaq Verafin

...threats, from individual bad actors to organized transnational criminal organizations. Leveraging Verafin’s FRAMLxchange to Combat Terrorist Financing Information sharing is a key component to stopping financial crime. With secure information...

Online Account Takeover

...of a single channel to uncover a wider range of potentially suspicious activity that would be invisible if relying on a siloed solution. Download the Feature Sheet Information Sharing for...

A Mandate for Innovation in the AML Act of 2020

May 28, 2021 by Jim Richards

...introduce AML participants to the latest technology and mandate its effective incorporation into comprehensive BSA AML-CFT compliance programs. Further to this theme, Section 6207 of the AMLA Act adds a...

Aligning with AML/CFT Priorities

June 14, 2022 by Nasdaq Verafin

...crime typologies continue to evolve as criminals leverage new tactics to evade money laundering detection. For example, terrorist financing activity includes both complex schemes supporting logistical networks, and lone actors...