An Enterprise BSA/AML Platform
Verafin provides financial institutions with a complete, end-to-end, BSA/AML compliance solution. From account opening to customer risk management, ongoing due diligence, suspicious activity monitoring, and regulatory reporting, Verafin’s innovative FRAMLx solution helps you build a complete picture of your customers and their activity.
Risk-based BSA/AML functionality helps you recognize new high-risk customers at account opening and alert you to existing customers involved in high-risk activity. High-risk customer management is enhanced with Verafin’s fully integrated case management functionality, easing your ongoing due diligence tasks, and innovative analytical models alert you to potentially suspicious activity across a range of crimes, including human trafficking and terrorist financing.