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  •   Money Mules

  Event: Virtual Conference

AML Insights

October 19 at 04:00 PM - 05:00 PM EST

Join industry and technology experts, as well as your peers from financial institutions, as they explore hot topics in BSA/AML compliance and management, such as... 

  Event: Virtual Conference

New Approaches for Effective & Efficient BSA/AML Programs

October 19 at 01:30 PM - 03:30 PM EST

Amid significant legislative change and the ongoing fight against money laundering and related threats, such as human trafficking and terrorism, it is imperative to maintain... 

  Event: Virtual Conference

Global AML Regimes & Collaborative Approaches to Fight Crime

October 19 at 12:00 PM - 01:15 PM EST

Advancements in global AML regimes are creating new possibilities to enhance anti-money laundering efforts and disrupt the flow of illicit funds through increased industry collaboration... 

  Feature Sheet

COVID-19-Related Health Care Benefits Fraud Detection

The Coronavirus Aid, Relief, and Economic Security (CARES) Act Provider Relief Fund (PRF) offers assistance to qualified suppliers of health care, services, and support for healthcare-related expenses... 

  Product Brochure

Real-time Wire Fraud Detection

The dollar value and international nature of many wire transfers make them inherently risky. With criminal schemes such as Business Email Compromise (BEC) continuing to... 

  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 may continue into the future. The following highlights and related resources will... 

  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... 

  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] mechanism.” – Financial Action Task Force From economic stimulus payments to... 

  Blog

“Tell Me About Yourself.” Employment Scammers Targeting PII

February 27, 2020 by Verafin

“While hiring scams have been around for many years, cyber criminals’ emerging use of spoofed websites to harvest [personally identifiable information] (PII) and steal money shows an increased level of complexity.” – Internet Crime Complaint Commission (IC3) Public Service Announcement... 

  Blog

Heartbreaking: Romance Scams on the Rise

February 14, 2020 by Verafin

  “In 2018, confidence/romance fraud was the seventh most commonly reported scam to the [Internet Crime Complaint Centre (IC3)] based on the number of complaints received, and the second costliest scam in terms of victim loss.” – IC3 Public Service...