March 20 at 12:30 PM - 01:30 PM EST
Collaborative Investigations: Connecting the Dots to Stop Crime
How sharing information can help provide actionable intelligence to law enforcement
Fraudsters and money launderers do not limit their illicit activities to a single institution. As crime rings evolve, they find new and innovative ways to avoid detection, creating challenges for financial institutions to uncover connected criminal activity.
Collaboration is a critical tool that helps you see the complete picture of activity across multiple institutions, ultimately mitigating risk and reducing losses. Verafin combines the power of cross-institutional analysis in the cloud with collaboration tools, enabling institutions to work together to strengthen investigations into crime ring activity.
Join us to learn how Verafin helps you connects the dots on crime with cross-institutional alerts and information sharing. Learn how our approach will warn you of potential risks or connected criminal activity that spans multiple institutions, allowing you to collaborate with investigators for stronger cases and improved reporting to law enforcement.
Highlights of this presentation on Collaborative Investigations will include:
- Best practices for 314(b) information sharing including collaborating on potential money laundering activity and Specified Unlawful Activities (SUAs).
- Walk through of real-life examples of crime ring activity
- Demonstration of crime ring detection to alert you and related institutions to connected criminal activity
- Overview of collaboration functionality in Verafin allowing you to securing share information with other 314(b) institutions in a single integrated platform.
- Overview of multi-institution Joint Work Product in Case Management that allows multiple investigators to contribute to a shared investigation.
I am getting ready to develop a centralized order management system across our bank. We currently use an online office supply company but the internal process is broken. Has anyone created a process for this ?
Does anyone have an audit program for cash management/treasury management? We are looking for an operations/procedural focused auditing program or checklist for the various business products and services we offer (e.g., lockbox, Positive Pay, etc.). Have done several searches but nothing fits. Any help would be appreciated!
A job description sample for a business development focused cash management professional who also has small business lending experience.
When a business customer uses an armored car service to pick up and drop cash to them directly, does the Bank processing the credit and debits need an agreement between the Bank and the customer? If so, does anyone have a sample agreement they would be willing to share?
We are working on implementing a treasury management product for our customers. Would anyone have a risk document they used for the product risk they would be willing to share. I also believe I will be amending our BSA program to address the risk of this product. has anyone done this for their programs, and if so would anyone be willing to share how they approached this. One more item to address is my identity theft risk assessment and policy. Any thoughts from anyone on this?
We are preparing to offer Cash Management and need to prepare a list of ODFI and RDFI "duties". Any help with determining what these should be, would be much appreciated.
Hello, Does anyone have documented Service Level Agreements you would be willing to share? I am looking in particular for SLA's related to Tellers, New Accounts and Operations.
I am looking for feedback on how you have structured your Treasury Management/Cash Management functions. I am hoping to gain a better understanding of how others treat the sales components as well as the technical/support components.I would ideally hope to see job descriptions for the different functions of this department(s) as well. Thank you in advance!
Our wealth management division is considering hiring a Private Banker. Any suggestions on where I can find some rules or guidance on what type of questions and documentation the FDIC will have for us?
We had a customer who originally wanted to put an ATM in their business. They have since decided that is going to be too costly for them and want to get with their merchant services company to allow cash back on transactions instead of getting cash out of the ATM.
My question is: how does your financial institution handle this when the customer is going to begin requesting additional cash to replenish their "cash back" transactions? Do you handle this like an ATM where you would require their settlements to be in a separate account and require them to write a check to replenish the cash given out?
Or, since this isn't an ATM, and they are just giving cash back on transactions, do you even worry about it? My concern is if they are using the store's cash on hand, it isn't any less risky than if the company uses cash on hand to replenish an ATM. Isn't there still an opportunity to allow illicit funds to enter the banking system if we aren't tracking these transactions?
Does anyone have a Sweep Arrangement Form, Agreement and policy they can share? Also, is Available or Ledger balance applied to sweep transfers?