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  •   Fraud

  Blog

Preventing thousands of dollars in fraud loss through early detection

November 21, 2016 by Verafin

The ability to detect deposit fraud early and take decisive action is more important for financial institutions (FIs) than ever before. In its biennial 2015 Deposit Account Fraud Survey, conducted...

  Blog

28 Red Flags for Elder Financial Abuse

April 28, 2015 by Denise Hutchings

“Growing Epidemic” and “Rampant, Largely Invisible, Expensive and Lethal Problem” “Elder financial abuse has become more acute.” This somber assessment by Thomas Curry, Chief Officer of the OCC (Office of...

  Blog

Benefits Fraud Rising as Unemployment Claims Soar

May 28, 2020 by Verafin

“It is deeply troubling to see these reports of fraudulent unemployment claims being filed and allegedly paid by the State Employment Security Department. These are our public tax dollars....

  Blog

Industry Advisory: Detecting and Reporting COVID-19-Related Medical Scams

May 25, 2020 by Verafin

On May 18, the Financial Crimes Enforcement Network (FinCEN) released a new Advisory on Medical Scams Related to the Coronavirus Disease 2019 (COVID-19) to alert financial institutions to emerging...

  Event: Webinar

Elder Financial Abuse

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

Elder financial abuse is a devastating crime that is growing in prevalence as bad actors exploit fear and uncertainty of vulnerable customers during the COVID-19 crisis. Believed to be largely...

  Blog

Economic Stimulus Payments Targeted by Fraudsters

May 8, 2020 by Verafin

“The CARES Act… together with three related pieces of pandemic relief legislation represent at least $2.4 trillion in aid and presents unparalleled opportunities to assist those in greatest need...

  Event: Demo

BSA/AML Compliance, Fraud Detection & High-Risk Customer Management

June 11 at 12:30 PM - 01:30 PM EST

Today’s criminals do not limit their illicit activities to a single financial institution. More and more, multiple institutions are targeted for increasingly complex financial crimes. As these criminals evolve, traditional...

  Event: Demo

Consolidating Fraud Prevention and Management to Reduce Losses & Improve Visibility

June 16 at 12:30 PM - 01:30 PM EST

Financial institutions are facing common challenges in combating fraud. Adding layers of protection to detect and prevent fraudulent activity, managing your alert volume, and reporting losses can become increasingly difficult...

  Blog

Taking Quick Action Against COVID-19 Crimes

May 4, 2020 by Verafin

Financial crime has proven to be a serious and growing challenge during the COVID-19 crisis. Fraudsters have promptly exploited the pandemic for their gain; with many financial institutions closed...

  Video

Unusual Outgoing Wire – Business Agent

With criminal schemes such as Business Email Compromise a growing problem, institutions need enhanced monitoring to prevent serious loss. This short video highlights Verafin’s targeted agent for Unusual Outgoing Wire...