Ensure front-line staff capture all required information for new personal and business accounts that is important to your ongoing customer assessment. Capture beneficial ownership information, including control and ownership prongs, for new accounts and established customers. You can also generate customizable notification messages to front-line staff when opening an account for specific types of high-risk entities. 

Perform an in-branch OFAC watch list search on necessary transactions. Nasdaq Verafin maintains an audit trail of front-line OFAC searches and alerts you to matches.

Nasdaq Verafin gives your front line staff the ability to search a check being deposited by name, routing number, account number, check number, and dollar amount. The check is immediately scanned in the Nasdaq Verafin Cloud to alert, in real-time, your staff if the check was previously presented or processed.

Within Nasdaq Verafin, your front-line staff can easily create an unusual activity form that immediately alerts you when potentially suspicious activity is spotted. Customer and activity details are included in the form and alert, keeping the important information centralized within Nasdaq Verafin and easily available if you need to generate a Suspicious Activity Report (SAR).

Easily capture cashed or purchased monetary instruments. When filling out the monetary instrument entry form in Nasdaq Verafin, front-line staff quickly complete information about the monetary instrument, select a current customer or add information about a non-customer as the purchaser or payee, and add any necessary notes. An OFAC watch list scan is performed and an audit log is created to aid your BSA requirements.