FinCEN’s Financial Trend Analysis

June 13, 2024 by Nasdaq Verafin

In April 2024, the Financial Crimes Enforcement Network (FinCEN) released a Financial Trend Analysis (FTA) providing insights on threat patterns and trend information on Elder Financial Exploitation (EFE) incidents, as well as methods favoured by criminals to evade detection. The... 

Elder Financial Exploitation: Trends & Threats

Highlighting the latest trends and threats in Elder Financial Exploitation, this infographic explores FinCEN’s recent Financial Trend Analysis, and other industry insights, to provide an... 

Elder Financial Exploitation

June 4, 2024 by Nasdaq Verafin

In a recent FinCEN analysis, Elder Financial Exploitation: Threat Pattern and Trend Information, June 2022 to June 2023, two predominant categories of victimization were identified across Elder Financial Exploitation (EFE)-related BSA filings. Elder scams, where the victim does not know... 

Four Unexpected Insights on Romance Scams

May 22, 2024 by Nasdaq Verafin

  Romance scams are among the world’s fastest growing frauds, driven by immense profits for criminals. In 2023, $3.8B was lost to romance scams and other confidence schemes — a number that may even be underreported. With many victims struggling... 

Fraud Schemes & Scams

Fraudsters are adapting to technology advances and targeting your customers with a variety of illicit tactics. With authorized push payment fraud scenarios such as Business... 

Fraud Schemes & Scams

Originally Presented: April 24, 2024

Fraudsters are adapting to technology advances and targeting your customers with a variety of illicit tactics. With authorized push payment fraud scenarios such as Business... 

Elder Fraud: Prevalent & Preventable

March 4, 2024 by Nasdaq Verafin

Elder fraud is unquestionably reprehensible, but its prevalence is remarkably high. An estimated ​1 in 10 elderly Americans are abused each year, and in Nasdaq’s 2024 Global Financial Crime Report, $77.7 billion of all reported global fraud was linked to elderly victims.... 

Elder Financial Abuse

Vastly underreported, elder financial abuse is estimated to impact 1 in 10 elderly Americans each year.[1] Financial institutions face increased responsibility to help combat the exploitation... 

Elder Financial Abuse

Originally Presented: February 29, 2024

Vastly underreported, elder financial abuse is estimated to impact 1 in 10 elderly Americans each year.[1] Financial institutions face increased responsibility to help combat the exploitation... 

Fighting Fraud

Originally Presented: January 5, 2024

Fraud is growing increasingly complex. Amid sophisticated authorized push payment scams, surging check fraud, and limited visibility into illicit activity, collaboration between financial institutions is...