Feature Sheet

BSA/AML Compliance & Management

Share This...

Financial institutions are facing rising compliance costs, increased regulatory scrutiny, and money laundering risks from sophisticated criminal organizations engaging in illicit activities such as human trafficking, drug trafficking and terrorist financing.

Verafin’s Financial Crime Management platform includes transaction monitoring across multiple transaction channels, customer profiles and historical behavior, and scenarios that indicate possible terrorist financing or human trafficking activity, as well as time-saving tools and technology to automate daily processes, improve AML investigations and strengthen compliance. Leveraging its unique big data intelligence, visual storytelling and collaborative investigation capabilities, Verafin’s BSA/AML Compliance and Management solution significantly reduces false positive alerts, delivers context-rich insights and streamlines the daunting compliance processes that financial institutions face today.

Tagged as...

  •   BSA/AML Compliance
  •   FRAML
  •   Funnel Accounts
  •   Human Trafficking
  •   Money Laundering
  •   Money Mules
  •   Structuring