Archived WebinarToday’s Risk Landscape: High-Risk Customer GroupsOriginally Presented: March 14, 2018 FinCEN’s final rule on Customer Due Diligence Requirements has brought increased scrutiny on compliance programs to understand the nature and purpose of customer relationships on... |
BlogBeneficial Ownership: 5 Key Compliance ObligationsAugust 14, 2017 by Verafin For many years, financial crime investigators have warned of possible links between shell companies and international money laundering activity. In the 2013 report How Shell Companies Aid Terrorism, Crime and Corruption, the Open Society Foundations discussed how shell companies are used to launder billions... |
Case StudyImproved Fraud DetectionNeighbors Federal Credit Union • Headquarters: Baton Rouge, LA Assets: $1.2B • Core Banking System: Fiserv DNA “Knowing Verafin is behind me and looking... |
Feature SheetCustomer & Enhanced Due Diligence (CDD & EDD)Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) are the cornerstones of effective customer risk management. Verafin’s configurable Customer Due Diligence (CDD) questionnaire enables... |
BlogThe CDD Final Rule: Seven Things to RememberJuly 7, 2016 by 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... |
Job AidPreparing for a Successful Exam ChecklistCramming for any exam is no fun. Nobody wants (or needs) that last minute pressure! Certainly not when examiners are coming onsite in a few... |
