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Cannabis-Related Businesses

Cannabis-related businesses (CRBs) have been receiving a lot of attention lately. This growing industry is already worth more than $17 billion in the U.S., with... 

Feature Sheet

Enhanced Due Diligence

Institutions are facing challenges in meeting requirements for conducting Enhanced Due Diligence (EDD) reviews of high-risk customers. Managing the volume of reviews created as a... 

Feature Sheet

Risk Surveillance

Required ongoing surveillance of your high-risk customers can be a challenging, manual process, with unusual activity often uncovered through general AML transaction monitoring. By analyzing... 

Feature Sheet

Risk Stratification

Typical risk systems use generic models that result in large volumes of high-risk customers. But not all high-risk customers are created equal. A local charity,... 

Product Brochure

High-Risk Customer Management

Verafin’s end-to-end approach to CDD/EDD and High-Risk Customer Management applies advanced analytics including artificial intelligence and machine learning and incorporates a wide range of data... 

Archived Webinar

Using Big Data Intelligence for Big Gains in Fighting Crime

Originally Presented: November 7, 2018

Institutions are facing increased pressure to mitigate the risk of fraud and money laundering, and stay compliant. But as workload and costs increase, false positives... 

Archived Webinar

Archived Webinar

New FFIEC Exam Procedures for Customer Due Diligence

Originally Presented: June 26, 2018

On May 11, 2018, the FFIEC released new Customer Due Diligence Examination procedures that reflect and codify the requirements of FinCEN’s final CDD rule. These... 

Blog

Key Takeaways from FFIEC Updated CDD Examination Procedures

June 12, 2018 by Nasdaq Verafin

On May 11, 2018, the FFIEC released new Customer Due Diligence (CDD) Examination procedures that reflect and codify the requirements of FinCEN’s final CDD rule. These updates detail how financial institutions must establish appropriate risk-based CDD procedures to understand the... 

Archived Webinar

Identifying NGOs or Charities to Better Assess Risk

Originally Presented: May 29, 2018

As the FFIEC BSA Exam Manual states “the flow of funds both into and out of the NGO can be complex, making them susceptible to...