Artificial Intelligence: Outsmarting Financial Crime

Artificial Intelligence (AI) is a powerful, dynamic solution that offers benefits to help fight modern financial crime. Financial Institutions are increasingly utilizing AI-driven fraud, money... 

Understanding the Risks that Shape the Financial Landscape

March 27, 2024 by Nasdaq Verafin

The United States is the largest economy in the world, making it a preferred target for money laundering. In the 2024 National Money Laundering Risk Assessment (NMLRA), the Department of the Treasury highlights the numerous risks shaping the financial landscape,... 

A $3.1 Trillion Financial Crime Epidemic

February 5, 2024 by Nasdaq Verafin

Historically, quantifying the scale of financial crime has been a major challenge. In a new 2024 Global Financial Crime Report, Nasdaq and Verafin have brought together expert research and data, industry perspectives, and the voices of survivors to provide insights... 

Canadian Financial Crime Trends & Technology 2023

January 17, 2024 by Bill Heys

Canadian financial institutions are facing significant challenges preventing fraud and money-laundering activities. In our recent year-end webinar, Verafin had the opportunity to speak with Sarah Paquet, Director and Chief Executive Officer of FINTRAC, to discuss the changing landscape of fraud... 

AML Trends & Technology 2023

January 11, 2024 by Bill Heys

2023 was a year of considerable change for AML. The rise in Artificial Intelligence (AI) and other innovations offered opportunities for increased efficiency in investigations. In our year end presentation, 2023 AML Trends & Technology: A Year in Review: What’s... 

Stronger Together

Originally Presented: January 10, 2024

As financial institutions continue to align their AML/CFT programs with FinCEN’s National Priorities, collaborative approaches continue to provide a more complete view of money laundering... 

Canadian Financial Crime Trends & Technology: Year in Review

Originally Presented: December 8, 2023

Evolving fraud threats, AML regulatory considerations and emerging financial crime management innovations have made 2023 a significant year for Canadian financial institutions. With 2024 fast... 

2023 AML Trends & Technology

Originally Presented: December 6, 2023

As money laundering grows in scale and complexity, financial institutions need efficient technology solutions in place for effective BSA/AML programs. 2023 has been a significant... 

2023 AML Trends & Technology

As money laundering grows in scale and complexity, financial institutions need efficient technology solutions in place for effective BSA/AML programs. 2023 has been a significant... 

The Importance of Information Sharing to Combat Terrorist Financing

November 21, 2023 by Nasdaq Verafin

Criminal networks are vast and highly efficient – they are not constrained by borders or technology when plotting and financing terrorist activities. As recently highlighted in FinCEN’s alert on red flags to identify terrorist financing, financial institutions must be vigilant...