Fully automate your watch list scanning
Federal law requires financial institutions to scan customers and transactions against watch lists to identify entities that may be involved in possible money laundering or terrorist financing activities.
Verafin automates these tasks and applies advanced analytics to improve the effectiveness of your scanning processes. Verafin scans customers, non-customers, vendors, wires, and ACH files as part of its watch list scanning functionality.
Features
Benefits
Easy access to customer data
At the click of a button, see activity statistics, behavior parameters, profile information, historical activity, and notes about the customer.
No more repeat (unnecessary) investigations
Once you acknowledge a watch list match as safe, Verafin will remember that information, and will not generate a repeat alert.
Examiner-friendly audit trails
Search history and investigation statistics are available in audit logs and summary reports. These reporting features provide proof-of-scan requirements for examiners.
Quick entity comparisons
Verafin analyzes all available data to uncover similarities and presents the information in an easy-to-compare layout. Reviewing the match summary lets you move forward quickly.
More Verafin Features
