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U.S. Court Case: 60 Funnel Accounts Used by Heroin Trafficking Organization

September 27, 2017 by Denise Hutchings

“Narcotics traffickers will attempt to create elaborate financial networks in an effort to launder illegal drug proceeds.” (James Dorsey, Acting Special Agent in Charge IRS Criminal Investigation, June 2017) Heroin...

  Case Study

Bringing it all Together

Tropical Financial Credit Union • Headquarters: Pembroke Pines, FL Assets: $741M • Core Banking System: Fiserv Spectrum   “When your compliance processes are manual you can’t look at everything you...

  Case Study

An Easy Decision: First National Bank of Granbury on Choosing Verafin

First National Bank of Granbury • Headquarters: Granbury, TX Assets: $629M • Core Banking System: Fidelity Horizon   “It also strengthens OFAC compliance in this same area, and has saved...

  Feature Sheet

Watch List Scanning

Federal law requires financial institutions to scan customers and transactions against watch lists to identify entities that may be involved in possible money laundering or terrorist financing activities. Traditional, more...