TOPIC: Verafin

Demonstration | BSA/AML Compliance and Management - Join us Oct 23

October 23 at 12:30 PM - 01:30 PM EST
BSA/AML Compliance and Management
Uncover Suspicious Activity & Strengthen Compliance


Register Now

Today’s landscape of changing regulatory requirements creates enormous pressure for compliance professionals to uncover potential money laundering and stay ahead of suspicious activity. Yet, many financial institutions still rely on legacy systems, broad rules and manual processes to manage daily compliance tasks.

Join us as we demonstrate how Verafin’s Financial Crime Management platform uses a big data intelligence approach, leveraging artificial intelligence and machine learning to significantly reduce false positives and generate a higher quality of alerts. You’ll see how Verafin enhances anti-money laundering efforts with complete BSA/AML functionality to strengthen compliance and enhance your ability to detect, investigate and report potentially suspicious activity.

Highlights of this software demonstration will include:
  • Risk-rated targeted BSA/AML alerts and scenarios
  • High-Risk Customer Management and end-to-end CDD/EDD
  • Alert threshold testing and performance monitoring
  • Integrated financial crime Case Management
  • Automated regulatory reporting of SARs and CTRs
  • 314(b) Information Sharing
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    Infographic | Uncovering Crime Rings in the Cloud - Download Now

    Infographic
    Uncovering Crime Rings in the Cloud


    Download Now

    This infographic provides an overview of a real-life crime ring spanning 32 institutions, involving 29 entities, active for more than 8 years, and representing potential losses of $10 million.

    Powerful cross-institutional analytics and information sharing technology allow financial institutions to see previously unseen risks, including criminals who repeat their unlawful activity across multiple institutions.

    Learn about the methodology, scale, activities and potential for loss in a multi-million-dollar crime ring.

    Download Now

      Job Aid | Preparing for a Successful Exam Checklist - Download Now

      Job Aid
      Preparing for a Successful Exam Checklist
      What to do before, during, and after the exam.


      Download Now

      Cramming for any exam is no fun. Nobody wants (or needs) that last-minute pressure! Certainly not when examiners are coming onsite in a few weeks.

      The best way to ensure a successful exam is to be prepared. We’ve created this exam checklist to streamline the process for you. Download now to know what will be covered on your exam, plan for the upcoming examiner visit, and review and organize your compliance documents.

      Download Now

        Demonstration | BSA/AML Compliance and Management - Join us Oct. 23

        Demo
        October 23 at 12:30 PM - 01:30 PM EST
        BSA/AML Compliance and Management
        Uncover Suspicious Activity & Strengthen Compliance


        Register Now

        Today’s landscape of changing regulatory requirements creates enormous pressure for compliance professionals to uncover potential money laundering and stay ahead of suspicious activity. Yet, many financial institutions still rely on legacy systems, broad rules and manual processes to manage daily compliance tasks.

        Join us as we demonstrate how Verafin’s Financial Crime Management platform uses a big data intelligence approach, leveraging artificial intelligence and machine learning to significantly reduce false positives and generate a higher quality of alerts. You’ll see how Verafin enhances anti-money laundering efforts with complete BSA/AML functionality to strengthen compliance and enhance your ability to detect, investigate and report potentially suspicious activity.

        Highlights of this software demonstration will include:
        • Risk-rated targeted BSA/AML alerts and scenarios
        • High-Risk Customer Management and end-to-end CDD/EDD
        • Alert threshold testing and performance monitoring
        • Integrated financial crime Case Management
        • Automated regulatory reporting of SARs and CTRs
        • 314(b) Information Sharing
        Register Now

          Demonstration | Real-time Detection for Payments Fraud - Join us Oct. 9

          Demonstration
          October 09 at 12:30 PM - 01:30 PM EST
          Real-time Detection for Payments Fraud
          Cross-Channel Analysis to Prevent Fraudulent Wire & ACH Transfers


          Register Now

          Fraudsters will use every available channel to target your institution, including exploiting the speed and convenience of ACH, wire transfers, and new payment channels for their fraudulent schemes.

          Join us for a discussion on the trends and challenges facing financial institutions in combating fraudulent transfers. We will demonstrate how Verafin’s Financial Crime Management platform leverages big data intelligence for real-time detection of wires and ACH to protect your institution and customers from loss.

          Highlights will include:
          • Trends in payments fraud such as Business Email Compromise, third-party scams, and first-party fraud through A2A/P2P systems, including Zelle transfers.
          • Big data intelligence for false positive reduction and payee confidence that improve alert quality by looking across the Verafin cloud for known payments into new and altered accounts.
          • Cross-channel fraud analysis with integrated Account Takeover analytics with Wire, ACH, and P2P Fraud analysis — including real-time integrations to detect unusual payments and transfers.
          Register Now 

            Infographic | Marijuana-Related Businesses - The Risks & Rewards of Banking a Growing Industry

            Infographic
            Marijuana-Related Businesses
            The Risks & Rewards of Banking a Growing Industry

            Download Now


            Marijuana-related businesses (MRBs) have been receiving a lot of attention lately. This growing industry is already worth $7 billion in the U.S., with that value projected to more than quadruple over the next 8 years, creating many questions for financial institutions around banking MRBs.

            This infographic provides a handy introduction to the world of MRBs, quickly mapping marijuana law by state, examining the number of businesses that have been flagged as marijuana-related in the Verafin Cloud to date, and offering insight into identifying and assessing related compliance risk.

            Download Now

              Blog | Unreal Identities Leading to Real Crimes - Read the full blog now

              Blog
              Unreal Identities Leading to Real Crimes
              Criminals use synthetic identities to commit multiple types of fraud and increase illicit profits

              Published February 4, 2019 by Verafin

              Read the full blog now

              Synthetic identity fraud occurs when criminals combine real and fabricated identification information to create unreal identities which can pass a financial institution’s identity validation processes, and then successfully apply for various financial products with their synthetic identities. It has become a vehicle for fraudsters to commit a host of financial crimes, such as account fraud, loan fraud and online banking fraud.  

              In this illuminating blog post, you will learn about the increasing risk of synthetic identity fraud and the ways in which financial institutions can protect themselves – through education, robust controls for online accounts and applications, collaboration, and innovative financial crime management tools.

              Read the full blog now