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  •   Intelligent Segmentation

  Feature Sheet

High-Risk Customer Segmentation

Are you banking high-risk customers you don’t know about? Verafin can help you segment customers in high-risk categories, including Politically Exposed Persons (PEPs), Non-Resident Aliens (NRAs), Money Services Businesses...

  Feature Sheet

Enhanced Due Diligence

Institutions are facing challenges in meeting requirements for conducting Enhanced Due Diligence (EDD) reviews of high-risk customers. Managing the volume of reviews created as a result of generic risk models,...

  Feature Sheet

Risk Surveillance

Required ongoing surveillance of your high-risk customers can be a challenging, manual process, with unusual activity often uncovered through general AML transaction monitoring. By analyzing all customers for all risk...

  Feature Sheet

Risk Stratification

Typical risk systems use generic models that result in large volumes of high-risk customers. But not all high-risk customers are created equal. A local charity, for example, may not...

  Archived Webinar

Learning from Fraud Detection: Segmenting AML to Fight Financial Crime

Originally Presented: October 11, 2018

Why do we think about AML as a single idea, when fraud is segmented specifically by customer, channel or loss type? In this insightful session, Jim Richards and Brendan...

  Archived Webinar

New FFIEC Exam Procedures for Customer Due Diligence

Originally Presented: June 26, 2018

On May 11, 2018, the FFIEC released new Customer Due Diligence Examination procedures that reflect and codify the requirements of FinCEN’s final CDD rule. These updates detail how financial institutions...

  Blog

Key Takeaways from FFIEC Updated CDD Examination Procedures

June 12, 2018 by Verafin

On May 11, 2018, the FFIEC released new Customer Due Diligence (CDD) Examination procedures that reflect and codify the requirements of FinCEN’s final CDD rule. These updates detail how financial...

  Archived Webinar

Identifying NGOs or Charities to Better Assess Risk

Originally Presented: May 29, 2018

As the FFIEC BSA Exam Manual states “the flow of funds both into and out of the NGO can be complex, making them susceptible to abuse by money launderers and...

  Solution

High-Risk Customer Management

BSA/AML Compliance and Management > High-Risk Customer Management Request a Demo Institutions are under increased regulatory pressure in the area of ongoing customer due diligence, particularly regarding the identification, risk...

  Archived Webinar

Are you banking Marijuana-Related Businesses?

Originally Presented: May 22, 2018

FinCEN’s 2014 guidance outlines BSA obligations including SAR filing requirements for banking Marijuana-Related Businesses (MRBs). Whether or not your institution chooses to bank these businesses, it is imperative to your...