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  •   Money Laundering

  Event: Demo

Solutions to Combat COVID-19 Financial Crime

February 10 at 12:30 PM - 01:30 PM EST

While fraudsters prey on consumer fear and uncertainty during the COVID-19 pandemic, financial institutions are experiencing significant changes in daily operations and in customer behavior – adding to the complication...

  Blog

Crime Trends & Technology: Reflections & Perspectives for 2021

December 16, 2020 by Verafin

In a recent year-end presentation, we explored the unrelenting challenges of 2020, the trends and technology developments throughout the year, and offered an overview of how recent industry threats...

  Event: Webinar

AML: Past, Present and a New Future

January 20 at 12:30 PM - 01:30 PM EST

Originally Presented: November 13, 2020 Fifty years after the creation of the Bank Secrecy Act, amid the current dynamics of today’s financial crime landscape, AML professionals must address the complex...

  Blog

Defining Moments in the War on Financial Crimes

June 30, 2020 by Jim Richards

Fifty years ago, the law we now call the Bank Secrecy Act (BSA) was passed, and the war on financial crimes truly began. The BSA began with the Currency and...

  Feature Sheet

COVID-19-Related Unemployment Benefit Fraud Detection

The COVID-19 pandemic has caused an economic downturn and compelled millions of Americans to file for unemployment benefits. With claims systems strained by historic and accelerated volumes of applications, criminals...

  Blog

Money Mules Moving Illicit Proceeds from COVID-19-Related Crimes

June 11, 2020 by Verafin

“In the past, money mules have been viewed as low-level offenders, transferring small amounts of cash. However, organised, sophisticated money mule schemes have evolved as a [professional money launderer]...

  Infographic

10 Tips for Financial Crime Management during the COVID-19 Crisis

The COVID-19 crisis has created enduring challenges for financial institutions nationwide. From pervasive fraud scams and counterfeit checks to devastating Business Email Compromise (BEC) attacks, financial crime management teams are...

  Blog

Deconstructing the Currency Transaction Report

February 18, 2020 by Jim Richards

With FinCEN reporting increases in BSA report filings year over year, it is likely that over 16 million Currency Transaction Reports, or CTRs, were filed in 2019, each one reporting...

  Blog

The Bank Secrecy Act Doesn’t Really Exist

January 15, 2020 by Jim Richards

Happy New Year! Happy New Decade! But most importantly, Happy 50th Anniversary of the Bank Secrecy Act! Yes, the (so-called) Bank Secrecy Act was passed fifty years ago this October....

  Infographic

Uncovering Crime Rings in the Cloud

This infographic provides an overview of a real-life crime ring active for more than 8 years, spanning 32 institutions, involving 29 entities, and representing potential losses of $10 million. Powerful...