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... 

Suspicious Activity Reporting

Suspicious Activity Reports (SARs) are a necessary part of compliance programs for all financial institutions; however, the tasks associated with regulatory reporting are often tedious... 

Detecting Suspicious Activity during Tax Filing Season

Originally Presented: January 26, 2016

Tax Refund Fraud is a multifaceted, growing crime — in 2013 over $5.8 billion in fraudulent refunds was processed. With Suspicious Tax Fraud analysis in Verafin,... 

Section 314(b): The Best Hope For Collaboration Between Financial Institutions To Combat The Movement Of Illicit Proceeds

In this white paper, Chris Swecker, Former Assistant Director of the FBI, states that “It is no secret that criminals and terrorists have all the... 

Human Trafficking: Modern-Day Slavery

Updated January 31, 2017 Modern slavery is connected to a host of 21st century challenges — from environmental sustainability to advancing the lives of women... 

Basics of 314(b) Collaboration

This infographic introduces you to peer collaboration through Section 314(b) of the USA PATRIOT Act. To help you get started collaborating with confidence, we’ve compiled... 

Collaboration 101: The Basics of 314(b) Information Sharing

March 26, 2015 by Nasdaq Verafin

We teach our kids to share, we understand the value of teamwork, and we know that usually, the whole is indeed greater than the sum of its parts. These ideas of sharing, collaboration and teamwork prove beneficial for most things... 

5 Insightful FinCEN Statements about Collaboration through 314(b)

March 18, 2015 by Denise Hutchings

Although the USA PATRIOT Act was legislated more than a decade ago, it is interesting to note that one particular section – 314(b) information sharing – has become the subject of renewed focus. Numerous regulatory and law enforcement agencies including... 

12 Red Flags for “Funnel Accounts” Used to Launder Money

February 25, 2015 by Denise Hutchings

Regulatory and law enforcement agencies are cautioning financial institutions about an increased use of illegal funnel accounts to launder proceeds from human smuggling, human trafficking and drug trafficking crimes. In light of the recent attention on this money laundering trend,... 

Nasdaq Verafin Financial Crime Management

With fraud and money laundering alerts, end-to-end due diligence solutions, robust case management functionality, automated regulatory reporting, and the ability to share information with other...