Feature Sheet

314(b) Information Sharing

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Financial institutions that are registered with FinCEN for 314(b) information sharing can securely and confidentially collaborate using Verafin’s 314(b) Information Sharing technology. Investigators can easily send, receive, and respond to requests for information directly in the secure Verafin environment, expediting decision making in the investigation process.

Sharing information in a collaborative investigation with other 314(b)-registered institutions can provide 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 money laundering or terrorist financing activity. Verafin’s 314(b) Information Sharing technology provides a complete picture of customer activity, helping to mitigate risk and reduce losses.

Tagged as...

  •   314(b) Information Sharing
  •   FRAMLx
  •   Risky Entity Analysis

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