Reporting With Confidence

Currency Transaction Reporting is a fact of life for all financial institutions. With millions of Currency Transaction Reports (CTRs) filed each year by thousands of... 

Deconstructing the Currency Transaction Report

February 18, 2020 by Jim Richards

With FinCEN reporting increases in BSA report filings year over year, it is likely that over 16 million Currency Transaction Reports, or CTRs, were filed in 2019, each one reporting one or more cash transactions made by or on behalf... 

2017 Crime Trends & Technology

Originally Presented: July 12, 2017

  Verafin industry experts: Brendan Brothers, Anti-Financial Crimes Specialist; and Mauriceo Castanheiro, Director of Fraud Analytics; discuss the challenges financial institutions faced to date in... 

Moving Beyond Manual Processes

First National Bank Texas  •  Headquarters: Killeen, TX Assets: $3.7B  •  Core Banking System: FIS Horizon   “It is great being prompted to investigate people... 

Adopting an Intelligent Approach

Industrial Bank  •  Headquarters: Washington, DC Assets: $592M  •  Core Banking System: Fiserv Premier   “Rather than trying to put the pieces of the puzzle... 

Breaking Down Walls

BankNewport  •  Headquarters: Middletown, RI Assets: $2.2B  •  Core Banking System: Fiserv DNA   “We can now see the trends going through the accounts. Now we... 

Bringing it all Together

Tropical Financial Credit Union  •  Headquarters: Pembroke Pines, FL Assets: $712M*  •  Core Banking System: Fiserv Spectrum   “When your compliance processes are manual you... 

Like Comparing Apples to Oranges: RiverLand FCU is Rescued by Verafin

RiverLand FCU  •  Headquarters: New Orleans, LA Assets: $296M  •  Core Banking System: Jack Henry   “Verafin gave us a real-time solution: a lot of different... 

Time for a Change: Making the Switch from AML Manager to Verafin

Fairfield County Bank  •  Headquarters: Ridgefield, CT Assets: $1.9B  •  Core Banking System: Fiserv – DNA   “Because Verafin groups people and businesses together we see... 

Currency Transaction Reporting

Verafin scans all transactions in your core system to fully automate your Currency Transaction Report creation and submission process. The latest FinCEN report is autocompleted with all...