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  Blog

U.S. Court Case: 9 Banks and 50 Bank Accounts Exploited by Human Trafficking Ring

February 21, 2017 by Denise Hutchings

“Follow the money and you will find the trafficker… Financial investigation plays a crucial role in successful investigation of trafficking in persons.” An outstanding financial investigation which was conducted in...

  Blog

Beneficial Ownership: 5 Key Compliance Obligations

August 14, 2017 by Verafin

For many years, financial crime investigators have warned of possible links between shell companies and international money laundering activity. In the 2013 report How Shell Companies Aid Terrorism, Crime and...

  Blog

Beneficial Ownership FAQs

November 14, 2017 by Verafin

A lot of digital ink has been spilled concerning the collection of Ultimate Beneficial Owner (UBO) information. Most of the buzz around the FinCEN’s final rule on Customer Due Diligence...

  Archived Webinar

2017 Crime Trends & Technology

Originally Presented: July 12, 2017

  Verafin industry experts: Brendan Brothers, Anti-Financial Crimes Specialist; and Mauriceo Castanheiro, Director of Fraud Analytics; discuss the challenges financial institutions faced to date in 2017, the trends to watch...

  Feature Sheet

Customer & Enhanced Due Diligence (CDD & EDD)

Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) are the cornerstones of effective customer risk management. Verafin’s configurable Customer Due Diligence (CDD) questionnaire enables your customer service representatives to...

  Blog

The CDD Final Rule: Seven Things to Remember

July 7, 2016 by Verafin

Until now, the lack of any general requirement for financial institutions (FIs) to know and verify the identity of the beneficial owners of their entity customers created the opportunity for...