Targeted Typology Analytics

Detecting predicate crimes for money laundering is highly challenging, and often requires significant time and resources. As investigators contend with overwhelming false positives from conventional... 

Elder Financial Exploitation

June 4, 2024 by Nasdaq Verafin

In a recent FinCEN analysis, Elder Financial Exploitation: Threat Pattern and Trend Information, June 2022 to June 2023, two predominant categories of victimization were identified across Elder Financial Exploitation (EFE)-related BSA filings. Elder scams, where the victim does not know... 

Four Unexpected Insights on Romance Scams

May 22, 2024 by Nasdaq Verafin

  Romance scams are among the world’s fastest growing frauds, driven by immense profits for criminals. In 2023, $3.8B was lost to romance scams and other confidence schemes — a number that may even be underreported. With many victims struggling... 

Top 3 Threats Facing the Financial System

April 30, 2024 by Nasdaq Verafin

The global financial system is facing prolific and diverse threats from financial crime, driven by illicit fraud and money laundering schemes. In the 2024 Nasdaq Global Financial Crime Report, a survey of 200 industry professionals, along with interviews with senior... 

Canada AML Compliance & Management

Financial institutions are facing significant challenges in keeping pace with the growing complexities of financial crime. As financial crimes grow more sophisticated and regulatory requirements continue... 

Modus Operandi of a Criminal Organization

The Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) National Priorities identified Transnational Criminal Organizations (TCOs) as a significant threat. Financial institutions require a... 

Enhanced Payments Fraud Detection using Consortium-based Data

Payments fraud is changing. Fraudsters are focusing their efforts on having your customers send a payment, rather than do it themselves. The result is an... 

Preventing Payments Fraud Loss: The Power of a Consortium-Based Approach

September 8, 2022 by Nasdaq Verafin

Payments fraud is changing, and financial institutions are facing major challenges effectively managing the growing volumes of legitimate and fraudulent transactions. Meanwhile, fraudsters are focusing their efforts on Authorized Push Payment (APP) scenarios such as Business Email Compromise (BEC), and... 

Rising U.S. & International Wire Fraud Threats

July 29, 2022 by Nasdaq Verafin

The high dollar value and irrevocable nature of many wire transfers make them inherently risky and a prime target for criminals. With fraudsters unrelenting, financial institutions must remain informed of growing wire fraud threats, both domestically and internationally.  Our experts... 

Aligning with AML/CFT Priorities

June 14, 2022 by Nasdaq Verafin

The need for greater effectiveness and efficiency in BSA/AML programs is acute. Financial institutions must navigate the ever-changing landscape of regulatory compliance while simultaneously adapting to evolving criminal activity. But many institutions are limited to their own siloed data set...