Solution

Human Trafficking Detection

Human Trafficking Detection

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

Uncovering Human Trafficking Victims

Human trafficking is a global humanitarian crisis. In 2023, according to the Nasdaq 2024 Global Financial Crime Report, $346.7 billion in illicit funds were linked to this heinous crime — with amounts far greater likely going undetected.  

Financial institutions can play a critical role in combating human trafficking. Nasdaq Verafin’s  targeted typology analytics alert you when a customer might be engaged in human trafficking, whether as a victim, an offender, or a front for a more extensive criminal network Evidence-rich human trafficking alerts include visual storytelling tools to support investigations. 

Features

ONLINE ADULT ADVERTISEMENT SCANNING

Nasdaq Verafin conducts a review of online adult advertisements, comparing the data within those ads to your customers’ profiles. If a match is identified, Nasdaq Verafin highlights the corresponding information and displays the advertisement content – directly within the alert.

FREQUENT TRAVEL MAPS

Individuals who are victims of human trafficking frequently book hotel stays. Nasdaq Verafin’s alerts for human trafficking include geographic maps that provide a comprehensive visual representation of a client’s rental sites.

FUND MANAGEMENT VISUAL DISPLAY

Every human trafficking notification presents an engaging visual representation of the potential victim’s associated entities, incoming and outgoing flow of funds, relevant purchasing sites, and additional information.

Benefits

Detect human trafficking victims

Nasdaq Verafin’s human trafficking analytics alert you to human trafficking victims and potential perpetrators, including front companies for criminal organizations. By detecting these individuals among your customer base, your institution can swiftly report suspicious activity to disrupt this heinous crime.

More information at your fingertips

Beyond transactional data, Nasdaq Verafin’s alerts provide valuable customer profile insights, including age, account balance, and occupation, enabling you to make prompt and well-informed decisions without navigating through various systems.

Efficient, targeted alerts

Nasdaq Verafin’s Targeted Typology Analytics analyze a range of behavioral, transactional, third-party, and consortium insights for more effective detection of human trafficking with fewer false positives and low alerttoSAR ratios. 

Account balance graphs

Each alert provides you with an account balance graph displaying the customer’s balance history, allowing you to swiftly identify fluctuations in transaction patterns that may suggest illegal activities linked to human trafficking. 

Collaborate to Stop Human Trafficking

Nasdaq Verafin’s collaborative investigations allow investigators from multiple institutions to work together to form a complete picture of potential human trafficking activity, expedite decision-making, and provide enriched information to law enforcement agencies. 

More Verafin Features

Information Sharing. Verafin gives you the tools to reach out to other 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. Verafin’s innovative approach combines cross-channel fraud detection and targeted AML scenarios, with advanced cross-institutional analysis and Information Sharing, in a single crime-fighting platform. Learn more >

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