Proactively uncover advanced wire fraud schemes
The potential dollar value and international nature of many wire transfers make them inherently risky. Additionally, consumer-based fraud scams are claiming an increasing number of victims, causing customers to suffer devastating losses. With the increase in criminal schemes such as Business Email Compromise, institutions need enhanced monitoring to prevent serious loss.
Verafin gives investigators the ability to review potentially suspicious wires in real time, alerting you to unusual wire transfers before they are released.