Surviving a $1M Romance Scam

Originally Presented: February 21, 2024

Romance scams are among the fastest growing frauds. In 2023, estimated losses of $3.8 billion were linked to romance and other confidence schemes. For survivors like Debby Montgomery Johnson, no...

Elder Financial Exploitation: Trends & Threats

Highlighting the latest trends and threats in Elder Financial Exploitation, this infographic explores FinCEN’s recent Financial Trend Analysis, and other industry insights, to provide an overview of how elderly persons...

Deposit Fraud

...are ready. Verafin examines the complete profile of each customer to alert you to deposit activity that is unusual for that person or business and let you take quick, effective...

Building momentum in the fight against human trafficking

January 9, 2018 by Nasdaq Verafin

...FIs and law enforcement. One example was the bipartisan bill entitled the End Banking for Human Traffickers Act, introduced last year to Congress and designed to “aid financial institutions in...

Today’s Risk Landscape: High-Risk Customer Groups

Originally Presented: March 14, 2018

FinCEN’s final rule on Customer Due Diligence Requirements has brought increased scrutiny on compliance programs to understand the nature and purpose of customer relationships on an ongoing basis. With this...

How financial institutions can help end elder financial exploitation

June 18, 2018 by Nasdaq Verafin

...annually, over 12 times the amount previously reported. In August 2017, the North American Securities Administrators Association (NASAA) completed a survey of state securities regulators regarding elder financial exploitation: 97%...

FINTRAC Reporting for Canadian Financial Institutions

Federal law requires Canadian financial institutions to report suspicious transactions, electronic funds transfers and large cash transactions to FINTRAC. Investigating, compiling and submitting these transactions is a time-consuming requirement fraught...

ACAMS Webinar: Stay Ahead of Emerging Trends

Originally Presented: May 28, 2020

...• Examining real-life case studies and lessons learned from recent fraud and money laundering investigations, including COVID-19-related crimes. • Outlining best practices to improve effectiveness of anti-financial crime efforts when...

Cloud Insights: Big Data Trends & Discoveries

Verafin has uncovered unique insights into the scope of wire fraud, ACH fraud, and Business Email Compromise (BEC) through analysis of our immense data set in the Cloud. With a...

Navigating the Rising Challenge of Human Trafficking

Originally Presented: March 31, 2022

...of human trafficking, with examples from Texas. Industry advisories, red flag indicators, and human trafficking typologies. The role of financial institutions to investigate and report human trafficking to law enforcement....