Anti-Money Laundering & BSA Compliance

Improve your customer knowledge, manage customer risk, and enhance your ability to detect and report potentially suspicious activity with Verafin’s enterprise BSA/AML platform.

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, with Verafin’s innovative FRAMLx solution you build a complete picture of your customers and their activity.

Risk-based processes are the cornerstone of a successful BSA/AML program. Verafin enhances your customer risk management through the ongoing development and delivery of complete CDD functionality and innovative suspicious activity detection models utilizing cutting-edge artificial intelligence to alert you to a wide range of criminal activity, including human trafficking and terrorist financing.



Verafin’s enterprise BSA/AML platform includes risk-based functionality, from a fully configurable front-line CDD questionnaire to intelligent segmentation, stratification, and targeted ongoing monitoring — helping you accurately assess and monitor high-risk customers (HRCs).


Verafin’s advanced AML models utilize artificial intelligence to analyze customer activity across channels. You are proactively alerted to a wide range of suspicious activity, including the unusual movement of funds, structuring, human trafficking, and terrorist financing.


A fully configurable CDD questionnaire helps your front-line staff focus on capturing the information you need for improved risk management, while continuing to provide new customers with the exceptional customer service they demand.


Criminals are using multiple institutions to hide their activity. Verafin’s cloud-based, cross-institutional analysis gives you more complete insight into customer activity to improve decision-making and give you added confidence in your investigation.


Verafin’s 314(b) information sharing technology helps you connect with a larger network of peers to collaborate and share information, get a more complete picture of customer activity, and strengthen your AML investigations.


Fully integrated case management functionality gives institutions the ability to more efficiently perform ongoing due diligence on HRCs and investigations on customers performing potentially suspicious activity. Investigations are improved through the ability to upload related documentation, assign tasks, create notes, generate and refile auto-populated SARs, and more — all from a centralized location.


Verafin brings increased efficiency and confidence to the regulatory reporting process by helping you automating the tedious but necessary tasks associated with initiating, completing and filing Suspicious Activity Reports.


Verafin automatically scans your customer information nightly against numerous regulatory watch lists, including OFAC and 314(a). You can also create internal watch lists and perform on-demand watch list searches.


Intelligent Segmentation

Verafin optimizes your HRC management process with intelligent segmentation. Intelligence-based analytics, utilizing a wide-range of data sources, allow you to incorporate greater efficiency into your CDD/EDD processes — from identification through to segmentation, stratification, and ongoing monitoring.

Alerts enhanced with better data

Verafin integrates cross-institutional data, third-party data, and open-data sources to greatly enhance ongoing activity analysis. This helps generate more robust alerts that represent true risk to your institution. It also allows for the incorporation of key evidence elements within an alert, improving your ability to make quick and decisive investigative decisions.

Beyond compliance

In addition to segmenting your high-risk customers, such as MSBs or NGOs, for more effective due diligence, Verafin considers additional factors to stratify customers within a high-risk category and apply targeted HRC models to their ongoing activity. By stratifying within each high-risk category, you greatly enhance the efficiency of your CDD/EDD review processes.

Improved examinations

From fully integrated case management functionality, that helps you document and track all aspects of your investigations, to customizable enterprise reporting, Verafin has your examination needs covered.

Stronger team management and reporting

Visual performance dashboards help you assess your alerts, cases, and SARs filed to quickly understand (and report on) the types of customer activity generating alerts; which alert types generate the highest risk scores and result in cases or SARs; and where to direct the focus of your team members for maximum efficiency and effectiveness.



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More Verafin Benefits

OFAC/Watch List Scanning. Verafin automates Watch List Scanning tasks and applies advanced analytics to improve the effectiveness of your scanning processes. Verafin scans customers, non-customers, vendors, wires, and ACH files as part of its Watch List Scanning component. Learn More >
Integrated Case Management. Verafin’s case management functionality helps you organize all elements of your investigation into a single, centralized location, and fully integrates with Verafin’s workflows to give you the ability to quickly move an investigative case forward. Learn More >
Automated Regulatory Reporting. Verafin brings increased efficiency and confidence to your regulatory reporting processes by automating the tedious but necessary tasks associated with initiating, completing and filing Currency Transaction Reports (CTRs) and Suspicious Activity Reports (SARs). Learn More about CTRs > or  Learn More about SARs >
Vendor Management. Regulators and examiners continue to pressure financial institutions to improve their management of third-party vendor relationships and the risks associated with those relationships. Verafin includes Vendor Management functionality that lets you better control your vendor management process. Learn More >

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