Top 3 Threats Facing the Financial System

April 30, 2024 by Nasdaq Verafin

The global financial system is facing prolific and diverse threats from financial crime, driven by illicit fraud and money laundering schemes. In the 2024 Nasdaq Global Financial Crime Report, a survey of 200 industry professionals, along with interviews with senior... 

The Scale and Impact of $3 Trillion in Financial Crime

Over $3.1 trillion in illicit funds flowed through the global financial system last year and fraud reached nearly a half a trillion dollars in losses.... 

The Importance of Information Sharing to Combat Terrorist Financing

November 21, 2023 by Nasdaq Verafin

Criminal networks are vast and highly efficient – they are not constrained by borders or technology when plotting and financing terrorist activities. As recently highlighted in FinCEN’s alert on red flags to identify terrorist financing, financial institutions must be vigilant... 

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... 

Sanctions Screening ​& Management:

Originally Presented: October 6, 2023

Sanctions are growing increasingly complex, leading to greater regulatory scrutiny regarding the identification of high-risk entities. More than ever, a robust sanctions screening and management program is critical... 

Sanctions Screening ​& Management:

Sanctions are growing increasingly complex, leading to greater regulatory scrutiny regarding the identification of high-risk entities. More than ever, a robust sanctions screening and management program is critical... 

Modus Operandi of a Criminal Organization

The Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) National Priorities identified Transnational Criminal Organizations (TCOs) as a significant threat. Financial institutions require a... 

Combating Human Trafficking with Verafin’s Data-Driven Financial Crime Management Platform

July 5, 2022 by Nasdaq Verafin

  Generating an estimated $150 billion per year, human trafficking is one of the most profitable and heinous international crimes. Human trafficking and human smuggling was identified in the AML/CFT National Priorities as one of eight “predicate crimes that generate... 

AML Act & National Priorities

Financial crime management programs are facing significant change in 2022; institutions must prepare for new guidance and compliance changes from the Anti-Money Laundering (AML) Act... 

Industry Panel – Global AML Regimes & Collaborative Approaches to Fight Crime

Originally Presented: October 19, 2021

Advancements in global AML regimes are creating new possibilities to enhance anti-money laundering efforts and disrupt the flow of illicit funds through increased industry collaboration...