September 29 at 12:30 PM - 01:30 PM EST

Reduce Losses & Improve Visibility with Consolidated Fraud Detection and Management

Fighting Fraud with Big Data, Machine Learning and Cross-Channel Analysis
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Financial institutions are facing common challenges in combating fraud. Adding layers of protection to detect and prevent fraudulent activity, managing your alert volume, and reporting losses can become increasingly difficult if there are multiple detection systems across different fraud and operational teams, and ultimately leads to a lack of visibility into your true fraud problem.

Join us to learn more about the benefits of consolidating your fraud prevention and management functions with Verafin’s Enterprise Fraud Management platform. Learn how to reduce losses, strengthen prevention efforts across all channels and departments, and enable a full picture of fraud at your institution to drive strategic decision-making.

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Abrigo surveyed over 300 BSA and Compliance Officers, BSA Analysts, and other fraud and compliance professionals from both banks and credit unions in our inaugural FinCrime Industry Survey. This survey covered a variety of topics including the impacts of COVID-19, SAR filing statistics, cannabis banking, and other BSA/AML trends. The results show that while some industry challenges are perennial, compliance professionals are grappling with a range of emerging issues and trends.

Download to learn:

• Top obstacles reported by BSA/AML professionals
• Impact of the pandemic and related events on BSA and Fraud departments
• How your institution compares to reported SAR filing numbers
• BSA/AML trends on cannabis banking and cryptocurrency

View the full results from the 2021 BSA/AML and Fraud Staff Survey by Abrigo: Top Issues for FinCrime Fighters here.

September 15 at 12:30 PM - 01:30 PM EST

Cloud Trends Revealed: Fraud Insights & Benchmarks for Financial Institutions

Deep Dive on Wire Fraud Schemes & Business Email Compromise
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In this webinar, anti-financial crime experts will reveal results of trend analysis from an immense set of anonymized data from financial institutions in the Verafin Cloud, representing more than $3 trillion in collective assets.

Join Brendan Brothers and Mauriceo Castanheiro as they review unparalleled data-driven insights into the current fraud landscape, as well as benchmarks for fraud programs. During the session, these experts will take a deep dive into the growing threat from wire fraud, including Business Email Compromise (BEC) schemes.

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September 22 at 12:30 PM - 01:30 PM EST
BSA/AML Compliance, Fraud Detection & High-Risk Customer Management
A Consolidated Financial Crime Management Platform

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With evolving fraud and money laundering activities, today’s criminals pose an increasing threat to financial institutions and their customers. Traditional approaches to financial crime management are now largely ineffective — institutions must take decisive action with cloud-based solutions that evolve alongside criminal activities and provide holistic, cross-channel insights to strengthen investigations and provide actionable information to law enforcement.

Join us for an engaging overview of Verafin’s cloud-based, consolidated Financial Crime Management platform — a complete solution to detect, investigate and report financial crime. Our expert presenters will explore Verafin’s big data intelligence approach, highly targeted analytics enriched with open-source and third-party data, and cross-institutional analysis and collaborative investigations through the Cloud.

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I would like to hear if anyone is satisfied with their method for authenticating the identity of online account applicants. If so, what software do you use? Does it rely only on information from credit bureau reports or something more dynamic? Thanks!

Consumer Sentinel Network/Federal Trade Commission has put this data book out for the 2020 year.  It has alot of detail in the number and type of fraud that was reported.  I utilize this data to make up a newsletter to share with our employees.  

Product Brochure

Visual Storytelling

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Investigating and reporting potentially suspicious activity is a time-consuming requirement fraught with potential error. More than ever, financial institutions need an efficient and effective solution that expedites financial crime investigations with narrative design, allowing for quick exploration of important information, and richer, more detailed reports. 

Download our insightful brochure and learn how, from Link Charts and a Check Image Viewer to Geographic Maps and Evidence Cards, Verafin can save your institution considerable investigation time and resources.

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Webinar
September 15 at 12:30 PM - 01:30 PM EST
Cloud Trends Revealed: Fraud Insights & Benchmarks for Financial Institutions
Deep Dive on Wire Fraud Schemes & Business Email Compromise

Register Now

In this webinar, anti-financial crime experts will reveal results of trend analysis from an immense set of anonymized data from financial institutions in the Verafin Cloud, representing more than $3 trillion in collective assets.

Join Brendan Brothers and Mauriceo Castanheiro as they review unparalleled data-driven insights into the current fraud landscape, as well as benchmarks for fraud programs. During the session, these experts will take a deep dive into the growing threat from wire fraud, including Business Email Compromise (BEC) schemes.

Register Now

FinCEN published its first list of priorities for anti-money laundering and countering the financing of terrorism (AML/CTF) policy (Priorities), as required by the Anti-Money Laundering Act of 2020 (AMLA). The FinCEN priorities somewhat mirror the Financial Action Task Force (FATF)  expanded guidance in several critical areas of AML/CFT global concerns, also released on June 30, 2021. FATF is the global watchdog for AML/CFT activity, and it is important to note that the United States shows full support in global efforts by their recent priorities release. The eight Priorities, in no specific order, are as follows:

• Corruption
• Cybercrime, including relevant cybersecurity and virtual currency considerations
• Foreign and domestic terrorist financing
• Fraud
• Transnational criminal organization activity
• Drug trafficking organization activity
• Human trafficking and human smuggling
• Proliferation financing

These Priorities hold no surprises, as most have been addressed in numerous FinCEN advisories. We've recently introduced a series of blogs that break down the priorities and how they impact your financial institution.

Read the blog.