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... 

Analysis & Commentary: FinCEN’s Proposed Burden Estimate for Preparing and Filing SARs

May 29, 2020 by Jim Richards

On May 26, 2020, the Financial Crimes Enforcement Network (FinCEN) published a Notice in the Federal Register titled “Proposed Updated Burden Estimate for Reporting Suspicious Transactions Using FinCEN Report 111 – Suspicious Activity Report.” This Notice is required under the... 

RPA: Improve Efficiency and Increase Productivity by Automating Routine Tasks

September 4, 2019 by Nasdaq Verafin

Financial crime management programs are increasingly challenged by limited time and resources, with BSA/AML and Fraud investigators often spending more time manually collecting data than investigating potentially suspicious activity. Institutions should consider how artificial intelligence, such as machine learning and... 

United Community Bank prepares for tomorrow and prevents more than $1M in fraud losses, today.

United Community Bank • Location: Blairsville, GA Assets: $19B • Core Banking System: Fiserv – Premier “In less than two months there’s been a clear... 

Elder Financial Abuse: SAR Trends

June 12, 2019 by Nasdaq Verafin

In February 2019, the Consumer Financial Protection Bureau (CFPB) released a study on elder financial abuse, Suspicious Activity Reports on Elder Financial Exploitation: Issues and Trends. The study utilizes information from Suspicious Activity Reports (SARs) to identify emerging trends in... 

The Time is Now to Overhaul the Bank Secrecy Act (BSA): The BSA Should Facilitate the Generation of Actionable Information and Interbank Collaboration

“The goals of the BSA of generating actionable information regarding significant illicit activity that meets the priorities and threshold loss levels that match modern day... 

Best Practices for Human Trafficking Investigations

Originally Presented: November 29, 2017

Financial institutions and investigators can play a critical role the fight against Human Trafficking — to follow the money, uncover perpetrators, and protect potential victims... 

ACAMS Webinar
AML: A New Approach to Fight Complex Money Laundering Schemes

Originally Presented: September 29, 2017

“…getting focus away from regulatory checklist would benefit the banks and lead us back to the purpose of the SAR — it should be to... 

Real-time Deposit Fraud Detection

Verafin helps financial institutions combat the growing threat from fraudulent deposits with advanced machine learning agents and smart investigation tools to uncover first-party deposit fraud... 

Human Trafficking: Detect, Investigate, Collaborate & Report

Nasdaq Verafin helps financial institutions fight crime, including one of the world’s most lucrative and detestable of criminal activities — Human Trafficking. This brochure outlines...