Navigating the Rising Challenge of Human Trafficking

Originally Presented: March 31, 2022

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... 

Elder Financial Abuse

Originally Presented: June 30, 2020

Elder financial abuse is a devastating crime that is growing in prevalence as bad actors exploit fear and uncertainty of vulnerable customers during the COVID-19... 

Industry Advisory: Detecting and Reporting COVID-19-Related Medical Scams

May 25, 2020 by Nasdaq Verafin

On May 18, the Financial Crimes Enforcement Network (FinCEN) released a new Advisory on Medical Scams Related to the Coronavirus Disease 2019 (COVID-19) to alert financial institutions to emerging scams related to the COVID-19 pandemic. This Advisory is the first... 

Fighting Fraud Scams in the COVID-19 Crisis

April 1, 2020 by Nasdaq Verafin

“While this crisis has brought out the best in most Americans, there appear to be a few unfortunate exceptions. We will not tolerate bad actors who treat the crisis as an opportunity to get rich quick.” – U.S. Attorney General... 

Fraud Risks in Turbulent Times

March 20, 2020 by Nasdaq Verafin

As the COVID-19 pandemic continues to spread throughout the world, financial institutions have been encouraged to remain steadfast in their ongoing scrutiny of potentially suspicious behavior and to diligently report suspected fraudulent activity. On March 16, 2020, FinCEN released a... 

“Tell Me About Yourself.” Employment Scammers Targeting PII

February 27, 2020 by Nasdaq Verafin

“While hiring scams have been around for many years, cyber criminals’ emerging use of spoofed websites to harvest [personally identifiable information] (PII) and steal money shows an increased level of complexity.” – Internet Crime Complaint Commission (IC3) Public Service Announcement... 

Heartbreaking: Romance Scams on the Rise

February 14, 2020 by Nasdaq Verafin

  “In 2018, confidence/romance fraud was the seventh most commonly reported scam to the [Internet Crime Complaint Centre (IC3)] based on the number of complaints received, and the second costliest scam in terms of victim loss.” – IC3 Public Service... 

Redefining Fraud: Combating Evolving Business Email Compromise Schemes

January 23, 2020 by Nasdaq Verafin

In their search for the path of least resistance, fraudsters have discovered that trickery and deception are highly effective strategies. As noted by FinCEN, Business Email Compromise (BEC) is one area of financial crime where these tactics reign supreme, and... 

Check Fraud Challenges

Even with the rise in digital channels, criminals continue to use stolen and counterfeit check schemes to cause financial institutions extensive losses. Not only has... 

Account Fraud

From doctoring checks to exploiting your most vulnerable customers, criminals will stop at nothing to defraud your financial institution’s accounts for their gain. The threat...