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BlogCountdown to Compliance: Meeting the New NACHA RulesMarch 21, 2025 by Nasdaq Verafin The deadline for compliance with the new NACHA operating rules is a year away. With payments made through the Automated Clearing House (ACH) network increasing by a trillion-dollar value every year, fraudsters have their eye on that money. In 2024,... |
BlogACH Fraud: NACHA Promotes Detection Across TransactionsApril 23, 2024 by Nasdaq Verafin Last year, NACHA’s ACH Network saw its eleventh straight year of growth exceeding $1 trillion as demand from consumers for electronic payments increased — and fraudsters are following the money. As Business Email Compromise (BEC) and other authorized push payment... |
BlogCombating Complex Check FraudApril 12, 2024 by Colin Parsons Check fraud is often viewed as an outdated crime — but these scams are in fact becoming highly sophisticated and causing significant losses. In 2023, there was $21B in check fraud losses in the Americas, representing nearly 80% of total... |
BlogFraud Trends & Technology 2023January 22, 2024 by Colin Parsons Fraud never sleeps, and neither should financial institutions. As digital technology continues to develop new and faster ways to move money throughout the financial system, fraudsters are evolving to find new ways to intercept that money and commit their nefarious... |
BlogA Ruthless ScamSeptember 26, 2023 by Nasdaq Verafin A prominent virtual currency investment scam, with the demeaning label “pig butchering,” is creating significant financial and emotional harm for countless victims around the world – criminals defrauded victims of more than $2 billion USD in 2022. Known as financial... |
BlogCollaborative Frameworks: Fighting Financial Crime with a Unified ApproachJune 20, 2023 by Nasdaq Verafin Financial crime is a persistent threat as criminals continually adapt their methods to target the financial system. Today, financial crime crosses both institutions and borders, making it more difficult to detect and prevent fraud and money laundering. This approach is... |
BlogCriminals Cash in on Stolen Checks: FinCEN Releases 10 Red Flags for Mail-Related Check FraudMarch 24, 2023 by Nasdaq Verafin Mail-related check fraud is surging. In 2022, check fraud-related SARs filed to FinCEN reached over 680,000, almost doubling the previous year’s number of filings. In response to a nationwide surge of stolen check fraud schemes targeting the U.S. mail system,... |
BlogFraud Trends and Technology 2022January 30, 2023 by Colin Parsons |
