Working together to fight financial crime
Verafin provides a centralized platform for information sharing that allows investigators at 314(b)-registered financial institutions to easily send, receive, and respond to requests for information directly in our secure environment, expediting decision making in the investigation process.
Investigators can participate in collaborative investigations with other institutions directly in Verafin, securely sharing information to gain valuable insight into complex crime ring activity that spans multiple institutions. With shared investigative cases, institutions can enhance the information provided to law enforcement on potential fraud, money laundering or terrorist financing activity.
"Verafin has been at the forefront of FRAML from the start, and the solution has continued to evolve as the requirements of FRAML have expanded."
Nick Vitchev, Research Director at Chartis