Industry Advisory: Detecting and Reporting COVID-19-Related Medical Scams

May 25, 2020 by Nasdaq Verafin

...and indicates if you are missing required information. Once you complete the narrative section and include references to the FinCEN Advisory and potential COVID-19-related fraud, you can queue your completed...

AML Crime Trends and Technology

January 12, 2022 by Nasdaq Verafin

...trends inform both the challenges and the solutions that institutions can implement to help combat AML and other financial crimes in 2022 and beyond. The AML Act of 2020: Much...

Unmasking online account takeover

December 19, 2017 by Nasdaq Verafin

...information. Fraudsters are aware of how susceptible large sections of the population are to these schemes. More information about prominent criminal scams can be found in Verafin’s complimentary Understanding Fraud...

Beneficial Ownership FAQs

November 14, 2017 by Nasdaq Verafin

...how software can help with the collection of UBO information. Below are some of the most frequent questions we hear. With each question, we show how Verafin addresses the concern...

Optimizing high-risk customer management and ongoing due diligence

March 20, 2018 by Nasdaq Verafin

An already challenging BSA/AML compliance risk environment continues to grow in complexity, as financial institutions seek to meet requirements for due diligence on higher-risk categories of customers. Without question, risk...

A Brief Introduction to the AML Act of 2020

February 12, 2021 by Jim Richards

...countering the financing of terrorism requirements, the agencies that examine financial institutions for compliance with those requirements, Federal law enforcement agencies, national security agencies, the intelligence community, and financial institutions;...

Survey Disclosure

...address, and mailing address. It may also include information about the computer system you use to access the Verafin website and Survey (“Personal Information”). Participation in the Survey is voluntary....

Risk Stratification

...by allowing you to focus on the ones that pose the greatest risk to your institution. Examiners are putting a greater emphasis on Customer Due Diligence (CDD) and EDD procedures...

Information Sharing Prioritized in AML Act of 2020

March 4, 2021 by Jim Richards

...the agencies that examine financial institutions for compliance with those requirements, Federal law enforcement agencies, national security agencies, the intelligence community, and financial institutions. In line with this commitment, the...

Applying AI to Fight Crime

June 6, 2024 by Rob Norris

...are underpinned by large language models (LLMs) that leverage the latest advancements in machine learning to consider vast amounts of information and generate new information in response to user prompts....