BlogFunnel AccountsApril 10, 2024 by 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... |
Event: WebinarNavigating the Rising Challenge of Human TraffickingMay 01 at 12:30 PM - 01:30 PM ESTBy following the money, financial institutions and investigators play a critical role in the fight against human trafficking – helping to uncover the perpetrators and... |
Archived WebinarElder Financial AbuseOriginally 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... |
InfographicDetecting Human TraffickingFinancial institutions can play a key role in detecting human trafficking activity related to forced labor and sex trafficking. When a financial institution has the... |
Blog7 New FinCEN Red Flags to Identify Terrorist FinancingNovember 17, 2023 by Verafin World events can shift in a moment. Financial institutions need to be prepared to adapt to the constantly evolving landscape of regulatory compliance, while swiftly identifying potentially suspicious activity. To assist, FinCEN has issued a new alert with 7 red... |
InfographicThe Mounting Menace of Investment ScamsInvestment scams, also known as financial grooming, are causing significant financial and emotional harm for countless victims around the world. Losses to the fraud increased... |
BlogA Ruthless ScamSeptember 26, 2023 by Verafin A prominent virtual currency investment scam, with the demeaning label “pig butchering,” is creating significant financial and emotional harm for countless victims around the world – criminals defrauded victims of more than $2 billion USD in 2022. Known as financial... |
InfographicThe Role of Financial Institutions in Combating Human TraffickingCountless innocent adults and children are trafficked in America and worldwide for financial gain. In the fight to free millions from modern slavery, financial institutions... |
