Navigating the Rising Challenge of Human Trafficking

...crime. Human trafficking is a complex and challenging problem for investigators to solve. At Verafin, we have worked directly with advocates, investigators, and law enforcement to gain a crucial understanding...

Fraudsters Focusing on Higher Value Wire Scams

January 18, 2023 by Nasdaq Verafin

...institutions face potential liability shifts for payments fraud, consortium data is crucial to effectively combat APP fraud scenarios, including Business Email Compromise (BEC) and scams targeting consumers. With our growing...

Quarterly Cloud Insights Uncovered Q4 2022

...seeing the complete picture of customer transactions and risk is more important than ever. Download the slide deck to learn about: Consortium-based data in the Cloud​ Wire Fraud Benchmarking Report...

Romance Scams: A Heartless Reality

February 26, 2024 by Nasdaq Verafin

Through lies and deceit, fraudsters will wholly dedicate themselves to gaining a victim’s trust and then abuse it for financial gain. Romance scams epitomize this tactic. Among the world’s fastest...

Cannabis-Related Businesses

...CRBs, mapping marijuana law by state, examining the number of businesses that have been flagged as CRBs in the Verafin Cloud to date, and offering insight into related compliance risk....

Collaborative Investigations: Connecting the Dots to Stop Crime

Originally Presented: December 5, 2018

...financial institutions to uncover connected criminal activity. Collaboration is a critical tool that helps you see the complete picture of activity across multiple institutions, ultimately mitigating risk and reducing losses....

Protecting the Vulnerable at a Confluence of Crime

Community First Credit Union • Location: Jacksonville, FL Assets: $2.3B • Core Banking System: Symitar Episys “The advanced nature of Verafin’s software and their dedication to staying ahead of criminal...

Synthetic Identity Fraud: Unreal Identities Result in Real Fraud Losses

Originally Presented: February 14, 2019

In this digital age, vast amounts of compromised customer information from data breaches and fraud scams is readily available for purchase on the dark web. To further their illicit schemes,...

The Bank Secrecy Act Doesn’t Really Exist

January 15, 2020 by Jim Richards

...as “commonly known as the ‘Bank Secrecy Act.’” And of course, the FFIEC BSA/AML Examination Manual has adopted the “BSA” name, referring to the Currency and Foreign Transactions Reporting Act...

Sanctions Screening and Management

...false positive alerts, multiple, disparate systems and inaccurate data can result in enhanced scrutiny, inefficient processes, and potential gaps in compliance programs. Failure to comply could mean reputational damage, civil...