BlogACH Payments: Mitigating the Risks of Faster FraudJune 12, 2017 by Nasdaq Verafin ACH payments have become one of the primary means of noncash payment in the past fifteen years. As consumers demand more convenience and flexibility in their banking options — these popular electronic money transfers create potential risks for your financial institution.... |
BlogU.S. Court Case: 9 Banks and 50 Bank Accounts Exploited by Human Trafficking RingFebruary 21, 2017 by Denise Hutchings “Follow the money and you will find the trafficker… Financial investigation plays a crucial role in successful investigation of trafficking in persons.” An outstanding financial investigation which was conducted in the recent prosecution of a U.S. based human trafficking ring... |
BlogThousands of Human Trafficking Arrests in the U.S. Plus Recent Money Flow to Human Smuggling HubsApril 5, 2016 by Denise Hutchings “Human trafficking is not a problem that law enforcement can tackle alone. It requires the close collaboration with many concerned groups looking at this crime through different lenses.” (Manhattan District Attorney Cyrus Vance Jr.) Manhattan District Attorney Cyrus Vance advocates... |
BlogIt’s Tax Fraud SeasonJanuary 21, 2016 by Brendan Brothers With the holiday season behind us and the new year underway, it’s time to prepare for a brand new season—the 2016 tax filing season. Over the next few months, fraudsters will exploit the personal information of thousands of U.S. taxpayers... |
Blog15 Red Flags for New Account FraudJuly 14, 2015 by Denise Hutchings Compromised credentials from a data breach or malware are frequently exploited by financial criminals to perpetrate new account fraud. The agency [FBI] used to learn about a new, large-scale data breach every two or three weeks. “Now, it is close... |
Blog58 Red Flags for Terrorist FinancingMay 26, 2015 by Denise Hutchings “Simply by using standard anti-money laundering typologies financial institutions should have been able to identify fourteen instances of terrorism financing as being suspicious, though not on their face to raise suspicion of terrorism financing.” Numerous Terrorism Financing Cases Reveal Suspicious... |
Blog28 Red Flags for Elder Financial AbuseApril 28, 2015 by Denise Hutchings “Growing Epidemic” and “Rampant, Largely Invisible, Expensive and Lethal Problem” “Elder financial abuse has become more acute.” This somber assessment by Thomas Curry, Chief Officer of the OCC (Office of the Comptroller of the Currency) which he shared in a... |
