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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...

  Feature Sheet

Regulatory Reporting

Federal law requires Canadian financial institutions to report suspicious transactions, and certain electronic funds transfers and large cash transactions to FINTRAC. Investigating, compiling and submitting these transactions is a time-consuming...

  Archived Webinar

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 2017, the trends to watch...



CTRs > CTRs Request a Demo Currency Transaction Reports (CTRs) can be time consuming processes fraught with potential error. Verafin scans all transactions in your core system to fully automate...

  Case Study

Moving Beyond Manual Processes

First National Bank Texas • Headquarters: Killeen, TX Assets: $2.7B • Core Banking System: FIS Horizon   “It is great being prompted to investigate people that need to be investigated...

  Case Study

Adopting an Intelligent Approach

Industrial Bank • Headquarters: Washington, DC Assets: $599M • Core Banking System: Fiserv Premier   “Rather than trying to put the pieces of the puzzle together on my own, Verafin...

  Case Study

Seeing the Full Picture

Landmark Bank • Headquarters: Columbia, MO Assets: $3.6B • Core Banking System: FIS Bankway   “Verafin is such a time saver and is so automated, it is great to work...

  Case Study

Breaking Down Walls

BankNewport • Headquarters: Middletown, RI Assets: $2B • Core Banking System: Fiserv DNA   “We can now see the trends going through the accounts. Now we have a much better...

  Case Study

Bringing it all Together

Tropical Financial Credit Union • Headquarters: Pembroke Pines, FL Assets: $858M • Core Banking System: Fiserv Spectrum   “When your compliance processes are manual you can’t look at everything you...

  Case Study

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

RiverLand FCU • Headquarters: New Orleans, LA Assets: $295M • Core Banking System: Jack Henry   “Verafin gave us a real-time solution: a lot of different avenues to process our...