Financial institutions face significant challenges in combating financial crime. Increasingly, money laundering typologies are making Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) investigations more complex and resource intensive. Investigators need a complete picture of risk, including customer and counterparty details, for efficient and effective money laundering investigations.
This Fact Sheet explores how Nasdaq Verafin’s AML Consortium Insights API offers financial institutions direct access via API to Nasdaq Verafin’s suite of unique insights that provides visibility into the counterparties customers transact with, and the risky parties that institutions engage with — including entities previously identified as high-risk customers by another financial institution.
