TOPIC: SAR

Demonstration | BSA/AML Compliance and Management - Join us Oct 23

October 23 at 12:30 PM - 01:30 PM EST
BSA/AML Compliance and Management
Uncover Suspicious Activity & Strengthen Compliance


Register Now

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
  • 314(b) Information Sharing
Register Now

    Demonstration | BSA/AML Compliance and Management: Uncover Suspicious Activity & Strengthen Compliance - Join us Aug 29

    BSA/AML Compliance and Management
    Uncover Suspicious Activity & Strengthen Compliance

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

    Register Now

    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
    • 314(b) Information Sharing
    Register Now

      Demonstration | BSA/AML Compliance and Management - Join us August 29

      BSA/AML Compliance and Management
      Uncover Suspicious Activity & Strengthen BSA/AML Compliance

      August 29 from 12:30 – 1:30 PM EST

      Register Now

      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
      Register Now

        Blog | Improving your risk-based CDD with intelligent categorization - Read the full blog now

        Blog
        Improving your risk-based CDD with intelligent categorization
        How segmentation improves both the effectiveness and efficiency of your customer due diligence procedures for higher-risk categories


        Read the full blog now

        With expanding regulatory expectations toward CDD/EDD risk management and shrinking compliance resources, the question on the minds of many BSA/AML compliance professionals is, “How can we manage this?” 
         
        The answer is by applying intelligent categorization — but what does that mean?

        Not all high-risk customers pose the same level of risk to an institution. Therefore, applying the same level of ongoing due diligence to all high-risk customers is incredibly inefficient. In this blog, you will learn how intelligent categorization allows for more tailored and effective management throughout the customer relationship, including:
        • Identification of high-risk customers and categorizing them into high-risk groups.
        • Risk Stratification to address how risk differs within each high-risk category.
        • EDD Review Workflows that centralize processes, automate tasks, and integrate with ongoing monitoring and risk assessment.
        • Surveillance that applies targeted analytics to specific groups, monitoring them for unusual activity and risk factors.
        Read the full blog now

          Demonstration | BSA/AML Compliance and Management - Join us July 3

          Demo
          July 03 at 12:30 PM - 01:30 PM EST
          BSA/AML Compliance and Management
          Uncover Suspicious Activity & Strengthen Compliance


          Register Now

          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
          Register Now

            Free Webinar Thursday: Elder Financial Exploitation | Earn 1 CAMS, 1.25 CAFP, 1.25 CFSSP, and 1.25 CRCM credits

            Thursday, June 20 | 1 p.m. CST/ 2 p.m. EST

            Elder financial exploitation is a growing concern in our communities, and the more the U.S. population ages the faster crimes against the elderly will grow. Financial institutions have a unique position to observe this early and stop the activity prior to a victim being left financially destitute. In fact, in most states financial institution employees are mandatory reporters of elder abuse. This session will help you identify elder financial abuse in your community and help stop it before it’s too late.

            Join to learn:
            • Learn the red flags of elder financial exploitation
            • How to train your front-line staff in identifying this crime
            • When and how to properly file a SAR in an elder financial exploitation case
            • Who to report in your state(s) and whether you’re a mandatory reporter
            Register here: https://www.abrigo.com/webinars/elder-financial-exploitation-hidden-crime/

              Blog | Elder Financial Abuse: SAR Trends - Industry Report Reveals Need for Improved Detection & Reporting

              Blog
              Elder Financial Abuse: SAR Trends
              Industry Report Reveals Need for Improved Detection & Reporting

              June 12, 2019 by Verafin

              Read more

              In February 2019, the Consumer Financial Protection Bureau (CFPB) released a study on elder financial abuse, utilizing information from Suspicious Activity Reports (SARs) to identify emerging trends in financial crime, and calling upon financial institutions to proactively monitor and report suspicious activities to law enforcement and adult protective services.

              Learn how financial institutions can help protect vulnerable consumers from fraudulent financial abuse with innovative technological solutions. With timely reporting of potentially suspicious activity to FinCEN and law enforcement, institutions can prevent further abuse and further financial loss, and ensure victims receive the valuable services and interventions required for recovery.

              Read more on Elder Financial Exploitation SAR trends and recommendations from the report