SOLUTION

Human Trafficking Detection

Fight back against one of the world’s most lucrative and detestable crimes.

Uncovering human trafficking victims

In September 2014, FinCEN released an advisory that outlined the financial red flags to help identify activity that may be associated with human smuggling and human trafficking.

Verafin’s customer-centric analysis digs deeply to uncover indicators that a customer is being victimized. Human trafficking alerts include a wide range of evidence and visual tools to enhance your human trafficking investigations.

Features

ONLINE ADULT ADVERTISEMENT SCANNING

Verafin scans against online adult advertisements and analyze information found within the ads against your customers’ profile data. When a match is found, Verafin shows you what information matched and shows the content of the ad, without you having to leave the alert.

FREQUENT TRAVEL MAPS

Human trafficking victims will often make multiple hotel rentals. Verafin’s human trafficking alerts include a mapping feature that gives you a powerful visual overview of a customer’s rental locations.

FLOW OF FUNDS VISUAL OVERVIEW

Each human trafficking alert provides you with an interactive visual layout of the potential victim’s related entities, incoming and outgoing transfers, related purchase locations, and more.

Benefits

More information at your fingertips

In addition to transactional data, Verafin’s alerts contain important customer profile information, such as age, account balance, and occupation, helping you make quick and informed decisions on how to proceed without having to access multiple systems.

Targeted alerts

Verafin’s human trafficking analysis looks both for indicators of potential human trafficking activity as well as evidence that may indicate the customer is not a victim. This aggressively reduces false alerts and helps you focus on truly suspicious activity.

Account balance graphs

Each alert provides you with an easy-to-read graph of the customer’s account balance history, helping you quickly observe frequent fluctuations often indicative of a victim’s transactional behavior.

Collaborate to Stop Human Trafficking

With Verafin’s cross-institutional analysis and 314(b) information sharing tools, investigators can work together to get a complete picture of potential trafficking activity, enhance their investigation, and enrich their SARs. This will help provide better information to law enforcement — and ultimately prevent this terrible crime.

More Verafin Benefits

314(b) information sharing. Verafin gives you the tools to reach out to other 314(b)-registered financial institutions to request the information you need to enhance your investigations. Learn more >
Integrated case management. Integrated case management functionality lets you create a fully audited and tracked investigation. Upload related files, assign tasks to other users, and document your decisions — all in one location. Learn more >
Automated SAR functionality. At the click of a button you can create a pre-populated SAR. Complete your narrative and queue it for overnight electronic submission directly from Verafin to FinCEN. Verafin can also remind you when it is time for 90-day refiling, if the suspicious activity continues. Learn more >
Fight financial crime with FRAMLx. Verafin’s innovative approach combines multi-channel fraud detection and targeted AML scenarios, with advanced cross-institutional analysis and 314(b) information sharing, in a single crime-fighting platform — FRAMLx. Learn more >

Interested in learning more about Verafin's Human Trafficking Detection Solution?

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