FinCEN’s Financial Trend Analysis

June 13, 2024 by Nasdaq Verafin

...services businesses (MSBs), insurance companies, credit card companies, lenders, and casinos. Of these filings, banks accounted for a staggering 72% of all EFE-related BSA reports. The bank filings mainly consisted...

Top 3 Threats Facing the Financial System

April 30, 2024 by Nasdaq Verafin

...payments fraud a significant risk for financial institutions. Bolstered by the complexity of scams like Business Email Compromise, government benefit fraud, elder abuse and social engineering scams targeting consumers, over...

Entity Resolution, Counterparty Data and Link Analysis for AML Efficiency

Originally Presented: September 7, 2022

...rates by incorporating third-party data and counterparty risk rating. Our agents leverage the unique insights gained from our consortium-based data to create higher-quality alerts. Link Analysis & Visual Storytelling. Visual...

Enterprise Reporting & Dashboards

...support financial crime investigations and obtain key performance and business insights. Verafin’s robust Enterprise Reporting functionality allows you to easily explore vast amounts of data to generate highly configurable reports,...

Enterprise Fraud Management

...Enterprise Fraud Management solution provides a centralized platform that combines adaptive fraud alerts, robust case management, management dashboards, and user-friendly reporting functionality. Your financial institution can proactively prevent fraud loss...

Inflection Points: 5 Key Trends for Payments Fraud

June 5, 2023 by Nasdaq Verafin

...in 2022 alone, having an effective payments fraud solution is paramount. Rampant Elder Financial Exploitation Elder financial exploitation is a tragic crime that is growing more common and complex. Criminals...

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...

Pushing Back: The UK’s Response to Authorized Push Payment Fraud

July 17, 2024 by Nasdaq Verafin

...Act 2023 mandates full reimbursement for APP fraud victims starting October 2024, with specific conditions including: A 50/50 reimbursement split between the sending and receiving institutions. The reimbursement amount being...

Entity Resolution, Counterparty Data and Link Analysis for AML Efficiency

In the current economic climate, the need for greater efficiency in AML/CFT programs is acute. Financial institutions are facing high volumes of false positive alerts, inefficient alert triage and investigations,...

New FFIEC Exam Procedures for Customer Due Diligence

Originally Presented: June 26, 2018

...with an increased focus on higher-risk customers and incorporate ongoing monitoring for enhanced due diligence and suspicious activity monitoring. This webinar will explore the updated FFIEC Exam Procedures for Customer...