BlogFinCEN and Federal Banking Agencies Encourage Banks to InnovateDecember 4, 2018 by Verafin A joint statement released on Dec. 3, 2018, by the Financial Crimes Enforcement Network (FinCEN) and its regulatory partners — the Board of Governors of the Federal Reserve System,... |
Event: DemoReal-time Detection for Payments FraudMay 12 at 12:30 PM - 01:30 PM ESTFaster funds result in faster fraud – as customers and institutions turn to payments channels such as wire, ACH and P2P solutions for their speed and convenience, opportunistic criminals are... |
Event: DemoPreventing Losses from Check Kiting and Check Fraud SchemesApril 28 at 12:30 PM - 01:30 PM ESTFraudsters are using tried-and-true methods to perpetrate fraud. From stolen checkbooks and near-perfect counterfeits to elaborate kiting schemes, in-clearing or on-us check fraud remains a significant challenge for financial institutions.... |
BlogCrime Trends & Technology: Reflections & Perspectives for 2021December 16, 2020 by Verafin In a recent year-end presentation, we explored the unrelenting challenges of 2020, the trends and technology developments throughout the year, and offered an overview of how recent industry threats... |
Archived Webinar2020 Crime Trends & Technology: A Year in ReviewOriginally Presented: December 3, 2020 From the unprecedented impact of the COVID-19 crisis to the historic 50-year anniversary of the BSA, 2020 has been a defining year in financial crime management. You’re invited to a... |
Archived WebinarACAMS Webinar: Stay Ahead of Emerging TrendsOriginally Presented: May 28, 2020 The COVID-19 crisis has highlighted existing weaknesses in current anti-financial crime approaches and the inflexibility of legacy detection systems to keep pace with evolving criminal activity. The need for scalable,... |
Infographic10 Tips for Financial Crime Management during the COVID-19 CrisisThe COVID-19 crisis has created enduring challenges for financial institutions nationwide. From pervasive fraud scams and counterfeit checks to devastating Business Email Compromise (BEC) attacks, financial crime management teams are... |
BlogTaking Quick Action Against COVID-19 CrimesMay 4, 2020 by Verafin Financial crime has proven to be a serious and growing challenge during the COVID-19 crisis. Fraudsters have promptly exploited the pandemic for their gain; with many financial institutions closed... |
BlogRedefining Fraud: Combating Evolving Business Email Compromise SchemesJanuary 23, 2020 by Verafin In their search for the path of least resistance, fraudsters have discovered that trickery and deception are highly effective strategies. As noted by FinCEN, Business Email Compromise (BEC) is... |
BlogCrime Trends & Technology: Reflections & Perspectives for 2020January 7, 2020 by Verafin As we move into the next decade, it is critical for financial institutions (FIs) to reflect on recent trends in fraud and compliance, and gauge what potential challenges lay ahead.... |
