Understanding Predicate Crimes to Money Laundering

Money laundering poses a significant threat to the integrity of the global financial system. Understanding the features of predicate crimes such as victimology, key indicators,... 

Elder Financial Exploitation: Trends and Typologies

June 15 is Elder Abuse Awareness Day, with the aim to highlight the growth in crimes targeting the elderly population. Vastly underreported, elder financial exploitation... 

Elder Financial Exploitation: Trends and Typologies

Originally Presented: June 19, 2024

June 15 is Elder Abuse Awareness Day, with the aim to highlight the growth in crimes targeting the elderly population. Vastly underreported, elder financial exploitation... 

Nine Red Flags on Terrorist Financing from FinCEN’s New Advisory

June 18, 2024 by Nasdaq Verafin

The financing of terrorist activity threatens the integrity of the global financial system. With $11.5 billion in terrorist financing flowing through the worldwide economic system in 2023, this heinous crime is exceedingly lucrative. “Terrorism threatens the safety and security of... 

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... 

Funnel Accounts

April 10, 2024 by Nasdaq Verafin

Funnel accounts continue to thrive as criminal organizations leverage the tactic to exploit the U.S. banking system and quickly move money across great distances at minimal cost — all while enabling anonymity for the depositors. Used as a method to... 

Elder Financial Abuse

Vastly underreported, elder financial abuse is estimated to impact 1 in 10 elderly Americans each year.[1] Financial institutions face increased responsibility to help combat the exploitation... 

Elder Financial Abuse

Originally Presented: February 29, 2024

Vastly underreported, elder financial abuse is estimated to impact 1 in 10 elderly Americans each year.[1] Financial institutions face increased responsibility to help combat the exploitation... 

Detecting Human Trafficking

Financial institutions can play a key role in detecting human trafficking activity related to forced labor and sex trafficking. When a financial institution has the...