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
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 alert–to–SAR 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.
