Predicate Crimes: Understanding the Criminal Activities Fueling Global Money Laundering​

June 25 at 12:30 PM - 01:30 PM EST

Predicate crimes fuel the flow of an estimated $3.1 trillion in illicit funds through the global financial system – undermining its integrity and causing immeasurable... 

Understanding Predicate Crimes to Money Laundering

Money laundering poses a significant threat to the integrity of the global financial system. Understanding the features of predicate crimes such as victimology, key indicators,... 

Transforming Predicate Crime Detection: An Expert Conversation

Originally 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... 

Transforming Predicate Crime Detection: An Expert Conversation

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... 

Fighting Predicate Crimes: A New Vision

July 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... 

Targeted Typology Analytics

Detecting predicate crimes for money laundering is highly challenging, and often requires significant time and resources. As investigators contend with overwhelming false positives from conventional... 

Funnel Accounts

April 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... 

U.S. Court Case: 60 Funnel Accounts Used by Heroin Trafficking Organization

September 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... 

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... 

12 Red Flags for Funnel Accounts Used to Launder Money

Illegal accounts that funnel “dirty” money made from crimes, such as human trafficking, human smuggling, and drug trafficking, are on the rise. These accounts are...