InfographicCannabis-Related BusinessesCannabis-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 SheetEnhanced Due DiligenceInstitutions 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 SheetRisk SurveillanceRequired 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 SheetRisk StratificationTypical 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 BrochureHigh-Risk Customer ManagementVerafin’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 WebinarUsing Big Data Intelligence for Big Gains in Fighting CrimeOriginally 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 WebinarLearning from Fraud Detection: Segmenting AML to Fight Financial CrimeOriginally Presented: October 11, 2018 |
Archived WebinarNew FFIEC Exam Procedures for Customer Due DiligenceOriginally 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... |
BlogKey Takeaways from FFIEC Updated CDD Examination ProceduresJune 12, 2018 by 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 WebinarIdentifying NGOs or Charities to Better Assess RiskOriginally 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... |
