TOPIC: Red Flags

Demonstration | Online Account Takeover: Detecting Fraud in a Digital Age - Join us Feb 5

February 5 at 12:30 PM - 01:30 PM EST
Online Account Takeover: Detecting Fraud in a Digital Age
Preventing Losses with Big Data Intelligence, Machine Learning and Cross-Channel Analysis

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Online customer accounts are a serious target for sophisticated cybercriminals looking to commit unauthorized transfers and harvest data to perform numerous types of fraud.

Join us for a demonstration of Verafin's Fraud Detection and Management solution that leverages big data intelligence and Machine Learning in cross-channel fraud analytics to detect online account takeover and related fraudulent activities. Learn how Verafin’s advanced analysis of multiple data sources, such as online banking systems, deposit and withdrawal channels, and consortium data in the Cloud, can identify a wide range of abnormal activities, identifying potential account takeovers and alerting you in time to prevent loss.

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    [Speaker Announced] Former Wells Fargo Executive at Regional Seminars - Verafin Tour 2020

    Speaker Spotlight
    2020 Verafin Tour
    Fraud Detection & BSA/AML Regional Seminars

    Register Now


    We are proud to welcome industry expert, Jim Richards as a guest speaker at the 2020 Verafin Tour.

    Richards is regarded as a thought leader in the financial industry and his extensive experience includes more than twelve years as the BSA Officer and Director of Global Financial Crimes Risk Management at Wells Fargo & Co.

    Register Now

    As a guest speaker, Richards will provide insights into the regulatory and anti-financial crime industry by reflecting on the journey that led to the current BSA/AML framework, examining the challenges of providing actionable intelligence to law enforcement, and offering valuable takeaways for your institution’s financial crime management program.

    Attendees will receive 5 CAMS, 6 CAFP, 6 CRCM credits, or may be eligible to receive up to 5 Continuing Professional Education (CPE) credits towards industry accreditation programs, such as CFE and CFCS. 

    Register today for an upcoming complimentary seminar at a location near you.

    Register now for free

      Educational Webinar - 1 CAMS Credit | Big Data and Information Sharing to Fight Crime: Global Perspectives & Domestic Case Studies

      1 CAMS credit
      Webinar
      January 15 at 12:30 PM - 01:30 PM EST
      Big Data and Information Sharing to Fight Crime:Global Perspectives & Domestic Case Studies Complimentary ACAMS Webinar Rebroadcast

      Register Now


      With the growing complexities of today’s fraud and AML landscape, financial institutions must embrace innovative approaches such as information sharing and big data to effectively fight crime. This insightful webinar will examine global initiatives for collaboration, outline lessons learned, current approaches, and a vision for the future of financial crime detection.

      Highlights of this CAMS-accredited rebroadcast:
      • Examining public-private and private-private information sharing frameworks from around the globe.
      • Reviewing case studies of 314(b) information sharing initiatives and consortium investigations to combat connected criminal activity that spans multiple financial institutions.
      • Leveraging cross-institutional big data, artificial intelligence, and information sharing technology to build a better model for financial crime detection
      Register Now

        Blog | Crime Trends & Technology: Reflections & Perspectives for 2020

        Blog
        Crime Trends & Technology: Reflections & Perspectives for 2020
        January 7, 2020 by Verafin

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        As 2019 comes to a close and we move into the next decade, it is critical for financial institutions to reflect on recent trends in fraud and compliance, and gauge what potential challenges lay ahead.

        This revealing blog post highlights the following areas to provide greater context for FIs in strategically planning, evaluating, and prioritizing investment in financial crime management programs. 
        • Evolution of fraud scams
        • Optimizing AML alerts and investigative tools 
        • Managing High-Risk Customers
        • Artificial intelligence in Financial Crime Management platforms
        • Combating crime rings with collaboration 

        Read the full blog to learn about the biggest fraud schemes and AML trends noted in 2019, and how we can use what we’ve learned to stay ahead of fraudsters and criminals in 2020.

          5 CAMS Credits | 2020 Verafin Tour Regional Seminars - Register Today

          Earn CAMS Credits
          2020 Verafin Tour
          Fraud Detection & BSA/AML Regional Seminars


          Since 2015, more than 17,000 of your peers have registered for a complimentary regional seminar. Hundreds have already registered for an upcoming event — will you be joining them?

          Register Now

          At these free educational seminars, join industry and product experts as they discuss current trends in financial crime and the latest advances in banking technology. You will receive in-depth training on detection and investigation strategies to help stop financial crime.

          Attendees will receive 5 CAMS, 6 CAFP, 6 CRCM credits, or may be eligible to receive up to 5 Continuing Professional Education (CPE) credits towards industry accreditation programs, such as CFE and CFCS.

          Register today to reserve your seat.

            Verafin Tour 2020 | Fraud trends and BSA/AML hot topics – join your peers at a complimentary seminar near you

            BSA/AML Hot Topics
            2020 Fraud Detection & BSA/AML Regional Seminars


            See all tour locations

            The 2020 Verafin Tour features insightful presentations that highlight emerging fraud and compliance trends, along with the latest technologies to fight financial crime — and the tour is coming to a city near you! Join hundreds of your peers at this industry-wide event, and hear our expert speakers dive into hot topics like: 
            • Combatting Crime Rings
            • Emerging Fraud Trends & Technology
            • Best Practices for BSA/AML
            • Managing & Monitoring High-Risk Customers
            Register now for free

              Webinar - 1 CAMS Credit | 2019 Crime Trends & Technology: A Year in Review - Join us December 3

              December 3 at 12:30 PM - 01:30 PM EST
              2019 Crime Trends & Technology: A Year in Review
              What’s on the Horizon in 2020 for Fraud & BSA/AML?

              A Special Presentation by Verafin Industry Experts
              1 CAMS credit

              Register Now

              You’re invited to a special year-end presentation as industry experts discuss the challenges financial institutions faced in 2019 and the trends to watch for in 2020.

              Highlights of this CAMS-accredited webinar will include emerging fraud schemes, managing and mitigating BSA/AML risks, information sharing as a means of improving reporting to law enforcement, and the role of artificial intelligence and machine learning technology in helping your institution combat financial crime.

              Register Now

                Demonstration | Mitigating and Managing Deposit Fraud Losses - Join us Nov 27

                November 27 at 12:30 PM - 01:30 PM EST
                Mitigating and Managing Deposit Fraud Losses
                Cross-Channel Analysis & Machine Learning for Improved Fraud Detection


                Register Now

                Financial institutions across the country are facing an increasing number of deposit fraud attacks as criminals take advantage of the anonymity and convenience of ATM and mobile channels. Meanwhile, consumers are increasingly falling victim to fraud scams, which can have significant emotional and financial effects.

                Join us for an overview of Verafin's Fraud Detection and Management solution which includes powerful detection capabilities to mitigate losses from first-party ATM, In-Branch and Mobile deposit schemes, and protects your customers from third-party fraud scams.

                Highlights of this software demonstration include:
                • Targeted alerts for first-party deposit fraud
                • Targeted alerts for deposit fraud scams
                • Machine Learning deposit fraud models
                • Risky Check Analysis
                • Fraud Management solutions
                Register Now

                  Infographic | 12 Red Flags for Funnel Accounts Used to Launder Money - Read More

                  Infographic
                  12 Red Flags for Funnel Accounts Used to Launder Money

                  View Now


                  Illegal accounts that funnel dirty money made from crimes, such as human trafficking, human smuggling, and drug trafficking, are on the rise. Understanding the indicators can help investigators detect the movement of these illicit funds, and identify criminal activity.

                  This infographic will answer these questions:  
                  • What is an interstate funnel account?
                  • How do criminals use these accounts to exploit branch network locations?
                  • What are the 12 Red Flag Indicators for Funnel Accounts as outlined by U.S. Immigration and Customs Enforcement?
                  View Now

                    [1 CAMS Credit - Webinar] 2019 Crime Trends & Technology: A Year in Review - Join us Dec 3

                    Webinar - 1 CAMS credit
                    December 3 at 12:30 PM - 01:30 PM EST
                    2019 Crime Trends & Technology: A Year in Review
                    What’s on the Horizon in 2020 for Fraud & BSA/AML?
                    A Special Presentation by Verafin Industry Experts

                    Register Now


                    You’re invited to a special year-end presentation as industry experts discuss the challenges financial institutions faced in 2019 and the trends to watch for in 2020.

                    Highlights of this CAMS-accredited webinar will include emerging fraud schemes, managing and mitigating BSA/AML risks, information sharing as a means of improving reporting to law enforcement, and the role of artificial intelligence and machine learning technology in helping your institution combat financial crime.

                    Register Now

                      Infographic | Elder Financial Abuse - Under Reported and on the Rise.

                      Infographic
                      Elder Financial Abuse
                      Under Reported and on the Rise.

                      Download Now


                      In 2010, annual financial losses from Elder Financial Abuse surpassed $2.9 billion. Recent research estimates actual annual losses at more than $36 billion.

                      This infographic sheds light on the impact and shocking statistics of Elder Financial Abuse.

                      Highlights:
                      • The impact of this crime on society
                      • How you can help protect your senior customers
                      • Red flag indicators of Elder Financial Abuse
                      Download Now

                        Webinar | Elder Financial Abuse: Best Practices for Financial Institutions for Early Detection & Timely Reporting - Join us Nov 6

                        Webinar
                        November 06 at 12:30 PM - 01:30 PM EST
                        Elder Financial Abuse
                        Best Practices for Financial Institutions for Early Detection & Timely Reporting

                        Download Now


                        Elder financial abuse is a significant and growing issue that has devastating effects on individuals and families. Believed to be largely underreported — financial institutions are facing increased responsibility to help combat the exploitation of vulnerable customers.

                        In this webinar, we discuss the scale of elder financial exploitation and outline key considerations and guidance from industry publications, including red flag indicators and best practices for reporting.

                        In this webinar, you will learn:
                        • The scale of Elder Financial Exploitation and the challenges of prevention.
                        • Potential Red Flag Indicators of Elder Financial Exploitation from the 2011 FinCEN Advisory.
                        • Best practices for reporting Elder Financial Exploitation, including Suspicious Activity Reporting, and contacting appropriate local and state-level agencies.
                        Download Now

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

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

                          Download 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 Now

                            Webinar | Elder Financial Abuse: Best Practices for Financial Institutions for Early Detection & Timely Reporting - Join us Nov 6

                            Webinar
                            November 06 at 12:30 PM - 01:30 PM EST
                            Elder Financial Abuse
                            Best Practices for Financial Institutions for Early Detection & Timely Reporting


                            Register Now

                            Elder financial abuse is a significant and growing issue that has devastating effects on individuals and families. Believed to be largely underreported — financial institutions are facing increased responsibility to help combat the exploitation of vulnerable customers.

                            In this webinar, we discuss the scale of elder financial exploitation and outline key considerations and guidance from industry publications, including red flag indicators and best practices for reporting.

                            In this webinar, you will learn:
                            • The scale of Elder Financial Exploitation and the challenges of prevention.
                            • Potential Red Flag Indicators of Elder Financial Exploitation from the 2011 FinCEN Advisory.
                            • Best practices for reporting Elder Financial Exploitation, including Suspicious Activity Reporting, and contacting appropriate local and state-level agencies.
                            Register Now

                              Educational Webinar | Employee Fraud: Understanding the Threat from Within - Join us Sept. 4

                              September 04 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

                              Financial institutions are especially vulnerable to employee fraud, as fraudsters within the organization have access to large amounts of personal identification information and financial transactional data, along with access to customer accounts. Join us as we discuss how such schemes can add up to significant fraud losses, the financial and reputational risks, and how employee fraud can also enable other illicit activity.

                              In this presentation, you will learn:
                              • The scale of the crime of employee fraud, including the potential for losses and compliance considerations
                              • Review tactics internal bad actors use to commit fraud against financial institutions
                              • Best practices to mitigate losses and protect your institution from internal threats, including appropriate monitoring and fraud controls
                              Register Now

                                Case Study | United Community Bank prepares for tomorrow and prevents more than $1M in fraud losses, today.

                                Download the Case Study Now

                                “In less than two months there’s been a clear return on our investment — that’s a significant achievement. With all our efforts, the bank has already tracked a reduction in overall fraud from 2019 versus 2018. Verafin is a large contributing factor to that success, and we expect our fraud numbers to continue to go down.”
                                Greg Snell, Director of Operational Risk, United Community Bank ($12.5B)

                                United Community Bank wanted a financial crime solution that would align with their vision for the future. Greg and the team chose Verafin’s consolidated Financial Crime Management platform — and within weeks of going live, they began realizing a tremendous return on their investment.

                                In this case study, you will read how within four weeks, Verafin helped United Community Bank detect and prevent $335K of fraud loss, and that savings continued to grow—before the end of week seven, United had surpassed $1M in fraud prevention.

                                Download the Case Study Now

                                  Infographic | 12 Red Flags for Funnel Accounts Used to Launder Money - Download Now

                                  Infographic
                                  12 Red Flags for Funnel Accounts Used to Launder Money


                                  Download Now

                                  Illegal accounts that funnel dirty money made from crimes, such as human trafficking, human smuggling, and drug trafficking, are on the rise. Understanding the indicators can help investigators detect the movement of these illicit funds, and identify criminal activity.

                                  This infographic will answer these questions:  
                                  • What is an interstate funnel account?
                                  • How do criminals use these accounts to exploit branch network locations?
                                  • What are the 12 Red Flag Indicators for Funnel Accounts as outlined by U.S. Immigration and Customs Enforcement?
                                  Download Now 

                                    Demonstration | End-to-End High-Risk Customer Management & CDD/EDD - Join us June 10

                                    July 10 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 identifies customers in high-risk categories to intelligently categorize them, and then stratifies the risk within those groups. Through ongoing surveillance, Verafin provides a more accurate picture of your institution’s risk profile to strengthen your end-to-end CDD/EDD program.

                                    Register Now

                                      Infographic | Elder Financial Abuse - Under Reported and on the Rise

                                      Infographic
                                      Elder Financial Abuse
                                      Under Reported and on the Rise


                                      Download Now

                                      In 2010, annual financial losses from Elder Financial Abuse surpassed $2.9 billion. Recent research estimates actual annual losses at more than $36 billion.

                                      This infographic sheds light on the impact and shocking statistics of Elder Financial Abuse.

                                      Highlights:
                                      • The impact of this crime on society
                                      • How you can help protect your senior customers
                                      • Red flag indicators of Elder Financial Abuse
                                      Download Now

                                        Webinar - 1 CAMS Credit | Elder Financial Abuse - Join us June 13

                                        June 13 at 12:30 PM - 01:30 PM EST
                                        Elder Financial Abuse
                                        Best Practices for Financial Institutions for Early Detection & Timely Reporting

                                        1 CAMS CREDIT

                                        Register Now

                                        Elder financial abuse is a significant and growing issue that has devastating effects on individuals and families. Believed to be largely underreported — financial institutions are facing increased responsibility to help combat the exploitation of vulnerable customers.

                                        Join us for this CAMS-accredited webinar, as we discuss the scale of elder financial exploitation and outline key considerations and guidance from industry publications, including red flag indicators and best practices for reporting.

                                        In this webinar, you will learn:
                                        • The scale of elder financial exploitation and the challenges of preventing it
                                        • Potential red flag indicators of elder financial exploitation from FinCEN’s 2011 Advisory
                                        • Best practices for reporting elder financial exploitation, including Suspicious Activity Reporting, and contacting appropriate local and state-level agencies
                                        Register Now