Combating Human Trafficking: Typologies and Red Flags for Financial Institutions

Human trafficking is a global humanitarian crisis. In 2023, according to the Nasdaq 2024 Global Financial Crime Report, $346.7 billion in illicit funds were linked to this heinous crime —...

Combating Human Trafficking: Typologies and Red Flags for Financial Institutions

Originally Presented: July 24, 2024

Human trafficking is a global humanitarian crisis. In 2023, according to the Nasdaq 2024 Global Financial Crime Report, $346.7 billion in illicit funds were linked to this heinous crime —...

Banking Marijuana Related Businesses

Originally Presented: March 14, 2019

...high-risk customer category. Highlights from U.S. House Financial Services Subcommittee on Consumer Protection and Financial Institutions entitled Challenges and Solutions: Access to Banking Services for Cannabis-Related Businesses Review of highlights...

RPA: Improve Efficiency and Increase Productivity by Automating Routine Tasks

September 4, 2019 by Nasdaq Verafin

...packaged and presented visually, improving the decision-making process for investigators. For compliance and fraud programs, RPA can reliably automate workflows, regulatory report completion and filing, and suspicious activity alert triage....

Advancing the Fight Against Business Email Compromise & Elder Financial Abuse with Consortium Analytics

As criminal tactics evolve, financial institutions are struggling to keep pace. Scams such as Business Email Compromise (BEC) and elder financial abuse are costing Americans billions of dollars each year,...

Beyond Alerts: Lessons from the Case of a BEC Mastermind

April 17, 2024 by Nasdaq Verafin

Business Email Compromise (BEC) is among the greatest threats to our financial system, linked to $6.7 billion in losses globally and over 20,000 complaints to the FBI last year. Beyond...

Increased Use of Virtual Currency in Human Trafficking

March 5, 2024 by Nasdaq Verafin

...from Verafin’s AML platform. To learn more about how Verafin can help your financial institution fight this complex and heinous crime, download our eBook: Human Trafficking: Know the Behavior, Uncover...

Stalking America’s Elderly

October 18, 2023 by Nasdaq Verafin

...Hacker scams operate and understand why consortium analytics are crucial for decisive action. Layers of Social Engineering Phantom Hacker scams combine elements of tech support scams, financial institution imposter scams,...

Combating Human Trafficking with Verafin’s Data-Driven Financial Crime Management Platform

July 5, 2022 by Nasdaq Verafin

...industry advisories to develop highly targeted human trafficking analytics that identify and alert you to potential traffickers, victims, front companies, and human smuggling payments. Our consolidated financial crime management platform...

Preventing Losses from Check Kiting and Check Fraud Schemes

Fraudsters are using tried-and-true methods to perpetrate fraud. From stolen checkbooks and near-perfect counterfeits to elaborate kiting schemes, in-clearing or on-us check fraud remains a significant challenge for financial institutions....