TOPIC: Fraud

SAR Writing Checklist | Free Download

SAR writing and filing is arguably one of the most important responsibilities of BSA professionals. Leverage this SAR Writing Checklist to ensure you have incorporated the key items law enforcement is looking for in a quality SAR.
Download this checklist for:
  • Essential elements to include in each SAR
  • Key components of a compelling narrative
  • Other critical details that must be addressed
Download here.

    Infographic | 10 Tips for Financial Crime Management during the COVID-19 Crisis - Download Now

    Infographic
    10 Tips for Financial Crime Management during the COVID-19 Crisis

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    From pervasive fraud scams and counterfeit checks to devastating Business Email Compromise attacks, financial crime management teams are under immense pressure to combat emerging crime and prevent losses during the COVID-19 pandemic.

    Download our informative infographic, developed in partnership with our 3000 financial institution customers, to learn 10 essential tips to address the growing fraud and AML challenges amidst COVID-19.

    Download Now

      Demonstration | Preventing Losses from Check Kiting and Check Fraud Schemes - Join us Oct 14

      October 14 at 12:30 PM - 01:30 PM EST
      Preventing Losses from Check Kiting and Check Fraud Schemes
      Detecting fraudulent in-clearing checks

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      Despite the rise of online banking products, criminals continue to exploit traditional transaction channels for fraudulent activity. Checks are particularly vulnerable, as customers and institutions can be victimized by stolen checks, counterfeit checks, or elaborate check kiting schemes.     

      Join us for a demonstration of Verafin's Fraud Detection and Management solution that leverages machine learning, image analysis and Optical Character Recognition (OCR) to help detect fraudulent checks and reduce false positive alerts. In this presentation, we will demonstrate Verafin’s targeted fraud detection scenarios including Stolen/Counterfeit Checks, Duplicate Check Number, Fraudulent Cluster, Sequence Number Jump, and Check Kiting.

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        Demonstration | Reduce Losses & Improve Visibility with Consolidated Fraud Detection and Management - Join us Sept 30

        September 30 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.

        Register Now

          SARs Made Easy | BAM+ Demo

          Monday, September 28, 2020
          3:00 pm ET / 2:00 pm CT
          Register

          With suspicious activity on the rise, it's imperative for compliance professionals to streamline and optimize their BSA/AML program. In this demo, you will see how BAM+ allows you to organize your alerts with end-to-end case management while reducing false positives for your team. 

          "To be successful in my role, I need robust software...it makes life much easier when we can work smarter – not harder – with BAM+. BAM+ is the future of BSA/AML software."
          Mike Foster, Dickinson Financial Corporation

          Join to learn how our BAM+ solution can help you:
          • Facilitate SAR filings for both BSA/AML and fraud incidents together in one system
          • Customize your software to your institution's unique risk profile
          • Harness and combine data to gain insights and a bigger perspective into your program
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