Preventing Losses from Check Kiting and Check Fraud Schemes

Fraudsters 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... 

Fraud Trends and Technology

January 12, 2022 by Nasdaq Verafin

Financial institutions face increasing challenges to keep pace with evolving financial crime, and 2021 revealed that fraud is moving faster than ever. In a year-in-review presentation, we explored the top fraud trends of 2021 identified in the Verafin Cloud, the... 

AML Crime Trends and Technology

January 12, 2022 by Nasdaq Verafin

Keeping pace with the changing landscape of BSA/AML is a significant challenge for financial institutions. In our year-end presentation we explored industry-wide AML trends and the specific challenges facing compliance programs today — including the recent passing of the AML Act of... 

Industry Panel – Innovating to Fight Fraud Scams

Originally Presented: October 18, 2021

From cunning criminals to elaborate schemes and scams, the constant evolution of fraud is a driving force for financial crime management technology and innovation. In... 

A Mandate for Innovation in the AML Act of 2020

May 28, 2021 by Jim Richards

The fourth instalment in Jim Richards’ Renewing the BSA Series. Innovation is a key theme throughout the Anti-Money Laundering Act of 2020 (AMLA or the Act). As financial crimes evolve and regulatory compliance commitments advance, financial institutions need innovative solutions... 

Crime Trends & Technology: Reflections & Perspectives for 2021

December 16, 2020 by Nasdaq 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 may continue into the future. The following highlights and related resources will... 

ACAMS Webinar: Stay Ahead of Emerging Trends

Originally 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... 

10 Tips for Financial Crime Management during the COVID-19 Crisis

The 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,... 

Taking Quick Action Against COVID-19 Crimes

May 4, 2020 by Nasdaq 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 or limiting branch access and large numbers of citizens still sheltering... 

Redefining Fraud: Combating Evolving Business Email Compromise Schemes

January 23, 2020 by Nasdaq 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 one area of financial crime where these tactics reign supreme, and...