Human Trafficking

BSA/AML Compliance and Management > Human Trafficking Request a Demo In September 2014, FinCEN released an advisory that outlined the financial red flags to help identify activity that may be...

Managing the Growing Complexities of Sanctions Risk

May 9, 2022 by Nasdaq Verafin

...a risk-based approach to sanctions compliance by developing, implementing, and routinely updating a sanctions compliance program.” – A Framework for OFAC Compliance Commitments Efficient and Effective Sanctions Screening and Management...

Rising U.S. & International Wire Fraud Threats

July 29, 2022 by Nasdaq Verafin

...effectively combat domestic and international wire fraud. Rising U.S. Threats Consortium-based insights from the Verafin Cloud show that attempted domestic wire fraud (fraud involving wire payments with a destination within...

Preying on the Vulnerable

July 8, 2022 by Nasdaq Verafin

...in Q4 2021 (54%), and by value, attempts against elderly persons increased significantly from Q4 2020 (21%) to Q4 2021 (36%). For business and title companies combined, attempts by value...

Increased Use of Virtual Currency in Human Trafficking

March 5, 2024 by Nasdaq Verafin

...ratio of 1 in 4, and an Alert-to-SAR ratio of 1 in 7. As well, our OFAC sensitivity matching analytics deliver a near 100% match rate. Knowledge is power in...

Quarterly ​Cloud Insights​ Uncovered: Q2 2022​

...international wire transactions, and compare your institution to insights gathered from 2100 other financial institutions in the industry’s leading cloud environment. Download the slide deck to learn about: Consortium-based data...

Elder Financial Abuse: SAR Trends

June 12, 2019 by Nasdaq Verafin

...obtain specific and timely information indicating fraudulent activity. Innovative technologies, including artificial intelligence and targeted machine learning agents, can help financial institutions proactively protect vulnerable consumers and proactively prevent financial...

Check Fraud is a Growing Problem – Financial Institutions Need a Solution

June 12, 2023 by Nasdaq Verafin

“In 2022, banks saw an 84% increase in check fraud, costing consumers an estimated $815 million.” – Senate Committee on Banking, Housing, and Urban Affairs, 2023 Even though check use...

Economic Stimulus Payments Targeted by Fraudsters

May 8, 2020 by Nasdaq Verafin

...In today’s digital society, it is all too easy for criminals to contact victims by telephone, email, text message or social media to obtain the information they need to commit...

Risky Online Banking Setup Agent

Confidence scams, like romance or job scams, are a growing ploy by fraudsters to establish trust with a victim with the end goal of obtaining personally identifiable information (PII) and...