SOLUTION

314(b) Information Sharing

Collaborate with peer investigators at other 314(b)-registered institutions to uncover potentially suspicious activity.

Build a complete picture of customer activity

Verafin’s secure information sharing technology gives users a centralized, secure platform to collaborate with other 314(b)-registered institutions.

Investigators can easily send, receive, and respond to requests for information directly in Verafin, helping you get a more complete picture of customer activity and giving you added confidence in your decision-making — ultimately strengthening your investigation.

Features

DAILY 314(b)-LIST VERIFICATION

Daily verification of the 314(b) list ensures you are working with 314(b)-registered contacts — at all times.

CONFIDENTIAL COLLABORATION

All collaborations are private, and you only collaborate with the institutions you choose, whether one-to-one, or within a secure group collaboration.

GROUP COLLABORATIONS

Share information with investigators in a single group thread to investigate complex activity that spans multiple institutions.

DOCUMENT & FILE SHARING

Once you start collaborating with another 314(b)-registered institution you can attach relevant documents and files to further strengthen your investigation.

STRENGTHENED AUDIT TRAIL

Your collaborations are centralized, logged, and reportable — making your examination process easier.

CENTRALIZED WORKFLOW DASHBOARD

Verafin’s collaboration workflow helps you quickly see the status of all incoming and outgoing 314(b) requests for you and your team, and keeps all collaborations and reports in a single easy-to-access location.

Benefits

Find complex and deeply hidden criminal activity

Criminals are becoming increasingly sophisticated, building complex networks that spread their activity across multiple institutions. Collaboration helps you uncover what would be impossible to see in isolation.

Collaborate with confidence

Voluntarily collaborate in Verafin’s secure environment with confidentiality and privacy.

Connect with peer investigators at other institutions

Connect easily one-on-one with 314(b) investigators or with multiple institutions in a group collaboration to expand your investigative strength.

More Verafin Benefits

Cross-Institutional AML Analysis. Through the analysis of AML alerts at institutions throughout the Verafin Cloud, Verafin can alert you when an entity at your institution has previously generated AML alerts at another FI and provide you with the collaborative tools to share information with the investigators who have the information you need. Learn more >
Risky Entity Analysis. By leveraging the power of the Verafin Cloud and innovative cross-institutional analysis, Verafin alerts you to the presence of entities within your institution that have a history of performing suspicious activity at other institutions across the country. Learn more >
Enrich your SARs with collaborative investigations. With FRAMLx, you’ll get a more complete picture of activity, and the added value of sharing information under 314(b) to enhance your suspicious activity reporting to provide better information to law enforcement.  Verafin can pre-populate your SAR — and when ready — file it directly to FinCEN. Learn more >
FRAMLxchange Secure 314(b) Collaboration Network. As the industry’s largest 314(b) network, the FRAMLxchance offers secure, online collaboration between financial institutions. Users of this service who are signed up for 314(b) can invite other 314(b) contacts to collaborate securely through the Verafin environment. Learn more >

Interested in learning more about Verafin's 314(b) Information Sharing Solution?

Products