TOPIC: Due Diligence

Demonstration | End-to-End High-Risk Customer Management & CDD/EDD - Join us on May 29

May 29 at 12:30 PM - 01:30 PM EST
End-to-End High-Risk Customer Management & CDD/EDD
Identification, Stratification, Surveillance & EDD Workflows for High-Risk Customers


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How accurate is your institution’s customer risk profile? A one-size-fits-all approach to customer risk can lead to thousands of high-risk customers being flagged for continuous review, increasing your workload.
 
Verafin’s end-to-end solution for High-Risk Customer Management and CDD/EDD helps you effectively manage higher-risk categories of customers, including ATM Owners, MRBs, MSBs, NGOs, and more.

Join us as we demonstrate how Verafin groups customers in high-risk categories, stratifies the risk within those groups and, through ongoing surveillance, provides a more accurate picture of your institution’s risk profile.

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    Case Study | Reducing Risk: Finding High-Risk Accounts & Preventing Fraud Losses in Real Time

    Case Study
    Reducing Risk: Finding High-Risk Accounts & Preventing Fraud Losses in Real Time

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    “With Verafin’s Private ATM Owner finder alerts, we discovered we actually had 45 [ATM owners]. It was eye opening that there were high-risk customers we didn’t know about.
    I am so glad that Verafin found these private ATM owners prior to our next exam. Not knowing … could have resulted in a finding, or worse, a fine for the bank.”

    Stacey Iverson, BSA and Fraud Officer, Bell Bank ($5.4B)
    When an examination in early 2018 reinforced the fact that Bell Bank ($5.4B) needed a more robust program for customer due diligence (CDD), enhanced due diligence (EDD) and identifying high-risk customers, the institution turned to Verafin to get prepared for Ultimate Beneficial Ownership, and strengthen their high-risk customer management and CDD/EDD processes.

    In this case study, you’ll read how BSA and Fraud Officer Stacey Iverson, and her team at Bell Bank, have increased confidence going into their next exam, thanks to the extra level of scrutiny that Verafin’s robust CDD/EDD solutions provide for identifying and managing their high-risk customers.

    Download the Case Study Now

      Demo | End-to-End High-Risk Customer Management & CDD/EDD - Join us on May 29

      May 29 at 12:30 PM - 01:30 PM EST
      End-to-End High-Risk Customer Management & CDD/EDD
      Identification, Stratification, Surveillance & EDD Workflows for High-Risk Customers


      Register Now

      How accurate is your institution’s customer risk profile? A one-size-fits-all approach to customer risk can lead to thousands of high-risk customers being flagged for continuous review, increasing your workload.

      Verafin’s end-to-end solution for High-Risk Customer Management and CDD/EDD helps you effectively manage higher-risk categories of customers, including ATM Owners, MRBs, MSBs, NGOs, and more.

      Join us as we demonstrate how Verafin groups customers in high-risk categories, stratifies the risk within those groups and, through ongoing surveillance, provides a more accurate picture of your institution’s risk profile.

      Register Now

        Demo | Advanced AML Analytics: Uncover Suspicious Activity & Strengthen BSA/AML Compliance - Join us on May 8

        May 8 at 12:30 PM - 01:30 PM EST
        Advanced AML Analytics - Uncover Suspicious Activity & Strengthen BSA/AML Compliance

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        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
        • Secure 314(b) Information Sharing
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          [eBook] 4 Key Areas for Effective High-Risk Customer Management

          How to Effectively Manage High-Risk Customers
          Four Key Areas of Focus for your End-to-End CDD/EDD Process

          Download the eBook now


          The sheer number of high-risk customers that can be present at a financial institution makes ongoing assessment extremely challenging. Conventional approaches to high-risk customer management are largely manual, resulting in inefficient and ineffective processes.

          This eBook offers valuable insights and best practices to better manage and mitigate risks associated with high-risk customers, and strengthen your overall BSA/AML program.

          Download the eBook now