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... 

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... 

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,... 

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... 

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... 

Learning from Fraud Detection: Segmenting AML to Fight Financial Crime

Originally Presented: October 11, 2018

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... 

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... 

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... 

Are you banking Marijuana-Related Businesses?

Originally Presented: May 22, 2018

FinCEN’s 2014 guidance outlines BSA obligations including SAR filing requirements for banking Marijuana-Related Businesses (MRBs). Whether or not your institution chooses to bank these businesses,...