TOPIC: High Risk Accounts

Webinar - 1 CAMS Credit | 2020 Crime Trends & Technology: A Year in Review - Join us Dec 3

Webinar
December 03 at 12:30 PM - 01:30 PM EST
2020 Crime Trends & Technology: A Year in Review
What’s on the Horizon for Fraud & BSA/AML in 2021?
A Special Presentation by Verafin Industry Experts

1 CAMS credit

Register Now

From the unprecedented impact of the COVID-19 crisis to the historic 50-year anniversary of the BSA, 2020 has been a defining year in financial crime management. With year-end approaching, now is the time to reflect on lessons learned and the road ahead for 2021.

Join us for a special CAMS-accredited, year-end webinar as experts discuss key trends from 2020, such as COVID-19-related fraud schemes, online account takeover, and recent industry calls to modernize the BSA/AML regime, as well as potential challenges for 2021 and the role of technology in mitigating financial crime.

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Verafin will provide attendees with a certificate of attendance for 1 CAMS Credit. Attendees are responsible for submission of the certificate and reporting of credits to ACAMS.

    Demonstration | BSA/AML Compliance, Fraud Detection & High-Risk Customer Management - Join us Dec 9

    Demonstration
    December 09 at 12:30 PM - 01:30 PM EST
    BSA/AML Compliance, Fraud Detection & High-Risk Customer Management
    A Consolidated Financial Crime Management Platform

    Register Now


    Conventional approaches to financial crime management are now largely ineffective, with opportunistic criminals outsmarting inefficient manual processes and disparate point solutions. As fraudsters gain momentum, a cloud-based platform that evolves alongside criminal trends and provides holistic insights is more important than ever.

    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 the power of Verafin’s big data intelligence approach, highly targeted detection scenarios enriched with open-source and third-party data, cross-institutional analysis, and collaboration through the Cloud.

    Register Now

      Strategic Due Diligence on Higher Risk Customers | Free Webinar | Earn 1 CAMS credit, 1.25 CAFP, CERP, & CRCM credits

      Monday, November 30, 2020
      2:00 PM ET / 1:00 PM CT
      Register

      Conducting Due Diligence is nothing new for BSA professionals, but the events of 2020 made compliance professionals across the country view the requirement in a whole new light. What has the industry learned about strategic Due Diligence in 2020 and how can we use that intelligence to improve our compliance programs in the new year? Join this session to learn the latest on CDD, EDD, and best practices for Due Diligence in an increasingly digital world. 

      Join this session to learn:
      • How Due Diligence has changed in 2020, and how can it be strategic? 
      • What gaps you may have in your current Due Diligence program  
      • Best practices for Due Diligence in an increasingly digital world 
      • What you can do to improve your Due Diligence in 2021 
      This session is eligible for 1.25 credits CAFP, CERP, & CRCM

      Click here to secure your seat! 

        Demonstration | Human Trafficking Detection with Targeted Analytics - Join us Nov 18

        November 18 at 12:30 PM - 01:30 PM EST
        Human Trafficking Detection with Targeted Analytics
        Technology Solutions to Protect Victims, Uncover Traffickers, and Detect Front Companies

        Register Now


        Verafin’s Financial Crime Management platform incorporates third-party and open-source data to enrich its targeted AML agents, including analysis of millions of adult online advertisements for human trafficking detection. By cross-referencing emails and phone numbers in adult ads, you are alerted to potential victims, traffickers and front companies within your customer base.

        Join us for an overview of Verafin’s human trafficking detection solutions, and a discussion on best practices for investigation. Learn how information sharing technology helps financial institutions work together to detect, investigate and report human trafficking activity.

        Register Now

          Webinar - 1 CAMS Credit | Banking Cannabis-Related Businesses: Marijuana, Hemp and CBD - Join us October 19

          October 19 at 12:30 PM - 01:30 PM EST
          Banking Cannabis-Related Businesses: Marijuana, Hemp and CBD
          Regulatory and Due Diligence Considerations for BSA/AML and Risk Management Programs

          Register Now


          The burgeoning U.S. cannabis industry is subject to a complex regulatory compliance landscape, with laws differing from coast to coast, at state and federal levels, and varying between marijuana-related businesses (MRBs), CBD-related businesses, and hemp-related businesses. As profits flourish, financial institutions are facing significant regulatory uncertainty regarding the risks and rewards of banking cannabis-related businesses (CRBs).

          Join Jim Richards, former BSA Officer at Wells Fargo, Heather Allen, First Vice President and BSA Officer at Peoples Bank, and Corey Lynch, Product Expert at Verafin, as they discuss the intricacies of banking CRBs. From informative industry perspectives to the latest developments, these speakers will keep you informed of the importance of effective procedures for segmenting and periodically reviewing CRBs with a risk-based approach that aligns with your institution’s risk appetite.

          Highlights from this CAMS-accredited webinar include:
          • Background on the scale of the cannabis industry, how derisking impacts the U.S. financial system, and the potential BSA/AML risks of this high-risk customer category.
          • An overview of recent industry guidance and compliance obligations surrounding CRBs.
          • A discussion regarding the challenges of customer due diligence for high-risk customers, including segmentation, risk assessment and scoring, monitoring, and managing risk reviews for CRBs.
          • A discussion on the role of data and technology to improve customer due diligence, risk management and compliance processes for CRBs.
          Register Now

          Verafin will provide attendees with a certificate of attendance for 1 CAMS Credit. Attendees are responsible for submission of the certificate and reporting of credits to ACAMS.

            Demonstration | End-to-End High-Risk Customer Management & CDD/EDD - Join us Oct 28

            October 28 at 12:30 PM - 01:30 PM EST
            End-to-End High-Risk Customer Management & CDD/EDD
            Segmentation, Stratification, Surveillance & EDD Workflows for High-Risk Customers

            Register Now


            High-risk customer management is a significant challenge for financial institutions, and conventional Customer Due Diligence/Enhanced Due Diligence (CDD/EDD) approaches often result in process inefficiencies, increased costs, and potential gaps in compliance programs.

            Join our engaging product experts for an in-depth demonstration of Verafin’s end-to-end High-Risk Customer Management solution, including identification and segmentation of high-risk customers, risk stratification, ongoing customer surveillance and EDD workflows.

            Register Now

              Safe Deposit Box Customer Due Diligence

              Manager at a bank ($1.7BUSA)
              Does anyone have any specific customer due diligence questions that they ask of safety deposit box renters other than regular things like: employer/occupation, PEP, resides in trade area, involved in CBD/hemp/MRB, type of business (if commercial)?
              I am putting together a new customer due diligence questionnaire and I have questions that are geared towards other account types, just not safe deposit boxes.

                Webinar | Employee Fraud: Understanding the Threat from Within - Join us Oct 21

                October 21 at 12:30 PM - 01:30 PM EST
                Employee Fraud: Understanding the Threat from Within
                The role of monitoring in reducing the reputational and financial risks of internal fraud

                Register Now


                As financial institutions continue to strengthen their fraud detection solutions to protect themselves from evolving external threats, it is imperative that they do not overlook the threat from within. Financial institutions are especially vulnerable to employee fraud, as fraudsters within the organization have access to large amounts of personal identification information and financial transaction data, along with access to customer accounts.
                 
                Join us for this engaging presentation, as we discuss the financial and reputational risks, as well as potential compliance concerns, of employee fraud. Learn about the tactics used by internal bad actors and best practices to mitigate losses, including how appropriate monitoring can alert institutions to fraudulent activity by employees.

                Register Now

                  BSA/AML Compliance, Fraud Detection & High-Risk Customer Management

                  A Consolidated Financial Crime Management Platform
                  October 7, 12:30 PM EST
                  Register

                  Criminals are profiting from sophisticated attacks against financial institutions left vulnerable and exposed by the inefficiencies of manual processes, siloed departments and disparate point solutions. With traditional approaches to financial crime management now largely ineffective, a cloud-based platform that evolves alongside criminal trends to quickly provide cutting-edge analytics, expedite investigations and provide holistic insights for law enforcement is more important than ever.

                  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 the power of Verafin’s big data intelligence approach, highly targeted detection scenarios enriched with open-source and third-party data, cross-institutional analysis, and collaboration through the Verafin Cloud.

                  Highlights from this special overview demonstration include:
                  • End-to-end High-Risk Customer Management and Customer Due Diligence/Enhanced Due Diligence (CDD/EDD) including an Account Opening Questionnaire; high-risk customer identification and segmentation analytics; automated risk-review workflows; and stratified, configurable risk-models for high-risk customers.
                  • Targeted AML scenarios including structuring, international activity, terrorist financing, human trafficking and funnel accounts.
                  • Targeted Fraud scenarios including first-party deposit fraud, deposit fraud scams, online account takeover, wire & ACH fraud, debit card fraud, loan fraud, and elder financial abuse.
                  • Risk-rated alerts enriched with third-party, open-source and cloud-based data.
                  • Visual storytelling to provide you with more information, help expedite investigations and strengthen reporting.
                  • Cross-institutional detection and 314(b) Information Sharing to facilitate collaborative investigations between 314(b)-registered institutions.
                  • Complete BSA/AML Compliance & Management with process automation including regulatory reporting for SARs and CTRs, OFAC/Watch List scanning, Case Management, Enterprise Reporting, etc.
                  Register

                  Verafin is proud to be the endorsed provider of Financial Crime Management software for the Western Bankers Association, Texas Bankers Association, Florida Bankers Association, Massachusetts Bankers Association, and CUNA Strategic Services, and has industry endorsements in 48 states across the U.S.

                  Verafin is the industry leader in financial crime management solutions, providing a cloud-based cross-institutional software platform for Fraud Detection and Management, BSA/AML Compliance and Management, High-Risk Customer Management and Information Sharing. Nearly 3000 banks and credit unions use Verafin to effectively fight financial crime and comply with regulations. Leveraging its unique big data intelligence, visual storytelling and collaborative investigation capabilities, Verafin significantly reduces false positive alerts, delivers context-rich insights and streamlines the daunting BSA/AML compliance processes that financial institutions face today.

                    CDD for Wealth Management

                    Employee at a bank ($3.7BUSA)
                    Does anyone have a CDD or BSA questionnaire specific to their Wealth Management customer and accounts, due to that process being separate from normal bank operations? Potentially not using the same systems for risk scoring that is used on the bank side as well?

                      Webinar - 1 CAMS Credit | Banking Cannabis-Related Businesses: Marijuana, Hemp and CBD - Join us Sept 15

                      September 15 at 12:30 PM - 01:30 PM EST
                      Banking Cannabis-Related Businesses: Marijuana, Hemp and CBD
                      Regulatory and Due Diligence Considerations for BSA/AML and Risk Management Programs

                      1 CAMS CREDIT

                      Register Now

                      The burgeoning U.S. cannabis industry is subject to a complex regulatory compliance landscape, with laws differing from coast to coast. As profits flourish, financial institutions are facing significant regulatory uncertainty regarding the risks and rewards of banking Cannabis-Related Businesses (CRBs).

                      Join Jim Richards, former BSA Officer at Wells Fargo, Heather Allen, First Vice President and BSA Officer at Peoples Bank, and Corey Lynch, Product Expert at Verafin, as they discuss the intricacies of banking CRBs. From informative industry perspectives to the latest developments, these speakers will keep you informed of the importance of effective procedures for banking CRBs.

                      Register Now

                      Verafin will provide attendees with a certificate of attendance for 1 CAMS Credit. Attendees are responsible for submission of the certificate and reporting of credits to ACAMS.

                        Demonstration | End-to-End High-Risk Customer Management & CDD/EDD - Join us Sept 2

                        Demo
                        September 2 at 12:30 PM - 01:30 PM EST
                        End-to-End High-Risk Customer Management & CDD/EDD
                        Segmentation, Stratification, Surveillance & EDD Workflows for High-Risk Customers

                        Register Now


                        High-risk customer management is a significant challenge for financial institutions, and conventional Customer Due Diligence/Enhanced Due Diligence (CDD/EDD) approaches often result in process inefficiencies, increased costs, and potential gaps in compliance programs.

                        Join our engaging product experts for an in-depth demonstration of Verafin’s end-to-end High-Risk Customer Management solution, including identification and segmentation of high-risk customers, risk stratification, ongoing customer surveillance and EDD workflows.

                        Register Now