Feature Sheet

Watch List Scanning

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Federal law requires financial institutions to scan customers and transactions against watch
lists to identify entities that may be involved in possible money laundering or terrorist financing activities. Verafin automates these 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.

Tagged as...

  •   BSA/AML Compliance
  •   CDD/EDD
  •   FRAML
  •   OFAC/Watch List