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  •   Money Laundering

  Blog

AML Act of 2020 Progresses SAR Regime

February 19, 2021 by Jim Richards

On January 1, 2021 the United States Senate approved the National Defense Authorization Act (NDAA), and with it, the most significant legislation addressing the U.S. Anti-Money Laundering and Countering the...

  Blog

A Brief Introduction to the AML Act of 2020

February 12, 2021 by Jim Richards

The landscape of the Bank Secrecy Act (BSA) is changing. The latter half of 2020 saw repeated calls to examine and modernize Anti-Money Laundering (AML) and Countering the Financing of...

  Event: Verafin Tour

BSA/AML Compliance Session

March 09 at 03:00 PM - 04:30 PM EST

The landscape of BSA/AML compliance is changing. 2020 saw renewed calls to modernize the BSA/AML regime, and the AML Act of 2020 may usher in the most significant changes since...

  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...

  Archived Webinar

ACAMS Webinar
AML: Past, Present and a New Future

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 challenges facing financial institutions, and...

  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...