Improved Fraud Detection

Neighbors Federal Credit Union  •  Headquarters: Baton Rouge, LA Assets: $1.2B  •  Core Banking System: Fiserv DNA   “Knowing Verafin is behind me and looking... 

Customer & Enhanced Due Diligence (CDD & EDD)

The CDD Final Rule: Seven Things to Remember

July 7, 2016 by Nasdaq Verafin

Until now, the lack of any general requirement for financial institutions (FIs) to know and verify the identity of the beneficial owners of their entity customers created the opportunity for criminal exploitation of the banking system through anonymous access. This... 

Preparing for a Successful Exam Checklist