7 New FinCEN Red Flags to Identify Terrorist Financing

November 17, 2023 by Nasdaq 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... 

The Mounting Menace of Investment Scams

Investment scams, also known as financial grooming, are causing significant financial and emotional harm for countless victims around the world. Losses to the fraud increased... 

A Ruthless Scam

September 26, 2023 by Nasdaq 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... 

The Role of Financial Institutions in Combating Human Trafficking

Countless innocent adults and children are trafficked in America and worldwide for financial gain. In the fight to free millions from modern slavery, financial institutions... 

Navigating the Rising Challenge of Human Trafficking

By following the money, financial institutions and investigators play a critical role in the fight against human trafficking – helping to uncover the perpetrators and... 

12 Red Flags for Elder Financial Exploitation

November 9, 2022 by Colin Parsons

“Financial institutions serve on the frontlines in protecting their older customers’ finances, and can play a critical role in helping to identify, prevent, and report suspected elder financial exploitation. Financial institutions’ vigilance matters. Their reporting matters.” – Himamauli Das, FinCEN... 

Elder Financial Abuse

Originally Presented: September 15, 2022

Elder financial abuse is a significant and growing problem that has devastating effects on individuals and families. Believed to be largely underreported, financial institutions are... 

Combating Human Trafficking

Human trafficking is a prominent issue across America. In 2020, FinCEN released a Supplemental Advisory on Identifying and Reporting Human Trafficking and Related Activity to... 

Combating Human Trafficking

Originally Presented: July 13, 2022

Financial institutions and investigators can play a critical role in the fight against human trafficking — to follow the money to uncover perpetrators and protect... 

Sanctions Evasion

Amid the ongoing Russian invasion of Ukraine, financial institutions are facing considerable challenges as bad actors employ tactics and schemes for sanctions evasion. With industry...