Human Trafficking

...suffering. In addition to transactional data, Nasdaq Verafin’s alerts contain important customer profile information, such as age, account balance, and occupation, helping you make quick and informed decisions on how...

Taking Quick Action Against COVID-19 Crimes

May 4, 2020 by Nasdaq Verafin

...attacks. Bad actors are eyeing the recent surge in new online banking customers, harvesting credit card numbers and compromising other personally identifiable information (PII) in preparation to compromise accounts. In...

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...

From the Cloud: Deep Insights into Wire Fraud Trends

March 15, 2023 by Nasdaq Verafin

...of our payment fraud solutions, allowing for more effective fraud prevention before losses are incurred. For more information on our consortium approach to combating payment fraud, download our Product Brochure....

All-in-One FRAML Platform

...sharing information in Nasdaq Verafin’s secure environment. Combining the power of cross-institutional analysis in the Nasdaq Verafin Cloud with 314(b) information sharing tools strengthens investigations into crimes spanning multiple institutions,...

Fighting Predicate Crimes: A New Vision

July 2, 2024 by Fouad Hassouneh

...while meeting ever-evolving compliance requirements. Targeted Typology Analytics is that solution — combining the latest advances in artificial intelligence (AI) with big data for a step change in detection. Analyzing...

AML Act of 2020 Formalizes Risk-Based Approach for Compliance

July 28, 2021 by Jim Richards

...if not an industry standard, the AMLA effectively updates the Bank Secrecy Act (BSA) to reflect modern AML compliance systems. “The provisions of the House bill… comprehensively update the BSA...

Fighting Fraud with the Verafin Cloud

September 30, 2022 by Nasdaq Verafin

...stop fraudulent wires before funds leave your institution. For further wire fraud statistics, emerging trends, and key insights for your institution, download our new Report now. Download the Latest Report...

New FFIEC Exam Procedures for Customer Due Diligence

Originally Presented: June 26, 2018

On May 11, 2018, the FFIEC released new Customer Due Diligence Examination procedures that reflect and codify the requirements of FinCEN’s final CDD rule. These updates detail how financial institutions...

Customer & Enhanced Due Diligence (CDD & EDD)

...Customer Due Diligence (CDD) questionnaire enables your customer service representatives to easily capture necessary information, including ultimate beneficial ownership, to effectively assess the risk a customer poses to your institution....