Event: WebinarTransforming Predicate Crime Detection: An Expert ConversationOctober 09 at 12:30 PM - 01:30 PM ESTLast year, trillions of dollars in illicit funds flowed through the financial system, fueled by human trafficking, terrorist financing, drug trafficking and fraud. With FinCEN’s... |
On-Demand WebinarTransforming Predicate Crime Detection: An Expert ConversationOriginally Presented: August 22, 2024 Last year, trillions of dollars in illicit funds flowed through the financial system, fueled by human trafficking, terrorist financing, drug trafficking and fraud. With FinCEN’s... |
SlidesTransforming Predicate Crime Detection: An Expert ConversationLast year, trillions of dollars in illicit funds flowed through the financial system, fueled by human trafficking, terrorist financing, drug trafficking and fraud. With FinCEN’s... |
BlogFighting Predicate Crimes: A New VisionJuly 2, 2024 by Fouad Hassouneh Last year, $3.1 trillion in illicit funds flowed through the global financial system, fueled by hundreds of billions of dollars generated by predicate crimes, from drug trafficking to human trafficking, terrorist financing and fraud. As this global epidemic of financial... |
Feature SheetTargeted Typology AnalyticsDetecting predicate crimes for money laundering is highly challenging, and often requires significant time and resources. As investigators contend with overwhelming false positives from conventional... |
BlogFunnel AccountsApril 10, 2024 by Nasdaq Verafin Funnel accounts continue to thrive as criminal organizations leverage the tactic to exploit the U.S. banking system and quickly move money across great distances at minimal cost — all while enabling anonymity for the depositors. Used as a method to... |
BlogU.S. Court Case: 60 Funnel Accounts Used by Heroin Trafficking OrganizationSeptember 27, 2017 by Denise Hutchings “Narcotics traffickers will attempt to create elaborate financial networks in an effort to launder illegal drug proceeds.” (James Dorsey, Acting Special Agent in Charge IRS Criminal Investigation, June 2017) Heroin Trafficking Organizations Targeted by OFAC In May 2017, Treasury Secretary... |
On-Demand Webinar2017 Crime Trends & TechnologyOriginally 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... |
Infographic12 Red Flags for Funnel Accounts Used to Launder MoneyIllegal accounts that funnel “dirty” money made from crimes, such as human trafficking, human smuggling, and drug trafficking, are on the rise. These accounts are... |
Blog12 Red Flags for “Funnel Accounts” Used to Launder MoneyFebruary 25, 2015 by Denise Hutchings Regulatory and law enforcement agencies are cautioning financial institutions about an increased use of illegal funnel accounts to launder proceeds from human smuggling, human trafficking and drug trafficking crimes. In light of the recent attention on this money laundering trend,... |
