TOPIC: 314(b) Information Sharing

Demo | BSA/AML Compliance, Fraud Detection & High-Risk Customer Management - Join us Aug 12

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

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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.

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    Demonstration | BSA/AML Compliance and Management: Uncover Suspicious Activity & Strengthen Compliance - Join us Aug 5

    August 05 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 higher quality 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

      2020 Verafin Virtual Tour | Fraud Detection & BSA/AML Online Event - Join us Jun 17

      2020 Verafin Virtual Tour
      Fraud Detection & BSA/AML Online Event

      June 17, 2020 from 12:00pm - 5:00pm EST

      Register Now

      Join hundreds of attendees from coast to coast for our next Verafin Virtual Tour on Wednesday, June 17, 2020 from 12:00pm – 5:00pm EST. Complimentary and online, this leading industry event is available wherever you are — and experiencing our exceptional presentations on the hottest topics, including COVID-19-related financial crime, has never been easier.

      We are thrilled to have Jim Richards, former Director of Financial Crimes Risk Management at Wells Fargo, join the Virtual Tour as our featured speaker to provide invaluable insight and perspective as an industry expert.

      Our agenda will feature discussion on the ongoing COVID-19 pandemic and the ways this has impacted financial institutions. We will examine new challenges for AML compliance, the types of COVID-19-related fraud scams that have emerged and how we can help you protect your customers.

      Participate in live Q&A sessions with industry experts that will take place after each presentation. A full team of experts will be available to respond to your questions live – ask questions directly to our team during sessions on fraud, AML and high-risk customer management. Any questions that are not addressed during the event will be followed up on shortly afterwards by our team.

      Attendees will also have the unique opportunity to participate in interactive polls on crisis-related trends, the future of AML, best practices for high-risk customer management, and fraud trends and technology.  Provide your feedback on current trends and challenges to see how it compares with over a thousand of your peers.

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

      Visit the Tour website for up-to-date event details, to download the agenda and register for free.

      Register Now

        Demonstration | BSA/AML Compliance and Management - Join us May 27

        May 27 at 12:30 PM - 01:30 PM EST
        BSA/AML Compliance and Management
        Uncover Suspicious Activity & Strengthen Compliance

        Register Now


        Today, there is enormous pressure on compliance professionals to uncover potential money laundering and keep ahead of changing regulatory requirements. The need to reduce false positives and generate higher quality alerts is critical for a proactive view of suspicious activity and to enhance your institution’s ability to detect, investigate and report it.
         
        Join us as we demonstrate how Verafin’s end-to-end BSA/AML Compliance and Management software uses a big data intelligence approach, leveraging artificial intelligence and machine learning to proactively alert you to a wide range of suspicious activity. See how your institution can have a complete view with enterprise case management and reporting, along with threshold testing and performance management for added confidence in examinations — all in a single, consolidated platform.

        Register Now

          Demonstration | BSA/AML Compliance and Management - Join us May 27

          May 27 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

            [Announcement] 2020 Verafin Virtual Tour - May

            2020 Verafin Virtual Tour - Fraud Detection & BSA/AML Online Event
            5 CAMS credits |  6 CAFP credits |  6 CRCM credits
            May 13, 2020, 10:00am - 3:00pm EST

            Register Now

            As you are now aware, the seminars originally scheduled for May 12 in New York City, NY and May 14 in Boston, MA have been cancelled and we have been working on plans to deliver an alternate, virtual event in their place.  

            We are pleased to announce that registration is now open for the 2020 Virtual Tour taking place Wednesday, May 13, 2020 from 10:00am – 3:00pm EST.  

            This complimentary, online event features insightful presentations that highlight emerging fraud and compliance trends, including those related to the current COVID-19 crisis, along with the latest technologies to fight financial crime. During this interactive event you’ll have the opportunity to chat with technology and product experts during live Q&A sessions and take part in polls and interactive elements. Join your peers at this industry-wide event, and hear our expert speakers dive into hot topics like:
            • Fraud Risks and Compliance Challenges During the COVID-19 Crisis
            • Evolving Fraud Trends and Technology: BEC Fraud, Card Compromise, Check Fraud Schemes
            • Industry Reflections and Predictions with Special Guest Jim Richards
            • Big Data Intelligence and the Way Forward for AML
            • Best Practices for High-Risk Customer Management
            The approved accreditations for the Verafin Tour Regional Seminars also apply to the Virtual Event. Attendees will receive 5 CAMS, 6 CAFP, 6 CRCM credits, or up to 5 Continuing Professional Education (CPE) credits towards industry accreditation programs, such as CFE and CFCS.   
            To review the agenda and reserve your spot, visit the Virtual Tour website.

            Register Now

              Demonstration | Human Trafficking Detection with Targeted Analytics - Join us May 6

              May 06 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

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              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

                Blog | Redefining Fraud: Combatting Evolving Business Email Compromise Schemes - Read more

                Blog
                Redefining Fraud: Combatting Evolving Business Email Compromise Schemes
                Agency Advisory Urges Collaboration to Prevent Losses to BEC Fraud
                January 23, 2020 by Verafin

                Read Now


                In 2019, FinCEN issued an updated advisory on business email compromise (BEC) schemes, noting that instances of this scam are increasing, with losses to financial institutions and their customers exceeding $9 billion since 2016. The sheer variation and growth in BEC schemes are making it challenging for institutions to keep pace, and the time is right to consider how a financial crime management system using advanced technology can help prevent and mitigate losses.

                A robust and targeted fraud defense that leverages real-time cross-institutional analysis and advanced artificial intelligence, while facilitating payee confidence and information sharing, is the strategic way forward to prevent the flow of illicit funds and address the challenge of BEC perpetrators and their networks.

                In this informative blog, learn about this evolving fraud scheme and how a financial crime management system using advanced technology can help prevent loss and keep your financial institution ahead of this shifting landscape.

                Read the full blog now

                  Demonstration | BSA/AML Compliance and Management - Join us Feb 12

                  February 12 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

                    Business Trusts

                    Employee at a bank ($820MUSA)
                    Has anyone ever opened a business trust?  It is a corporation that is titled as a Profit Sharing Trust for their employee.  Do you get a business resolution and a certification of trust as well?  Are both required?  If you need a Certification of Trust does anyone have a copy they would be willing to share?
                    Thanks for your help.

                      Beam Compliance Solutions - The most powerful and accurate compliance solution on the market.

                      Person at a Company (USA)
                      Please visit www.beamsolutions.com to find out more about Beam and its solutions, or e-mail us at info@beamsolutions.com or Ben Duranske (ben@beamsolutions.com) to schedule a live demo to see how Beam can transform compliance in your organization. 

                        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

                          Announced | Annual Conference Registration Now Open - Super Early Bird Pricing Until December 31, 2019

                          2020 Annual User Conference
                          October 26-28
                          Orlando, Florida

                          Super Early Bird Pricing – Only $795
                          Until December 31, 2019


                          Register Today


                          We’re excited to announce that registration is now open for the 2020 Verafin Annual User Conference, taking place in Orlando, Florida from October 26-28. Take advantage of Super Early Bird pricing and save $400 by registering before December 31, 2019.  

                          Reserve your spot at the 3-day conference that will include:
                          • Presentations on BSA/AML hot topics and the latest trends
                          • Power training sessions from Verafin product experts
                          • Product enhancements & development roadmap
                          • Networking opportunities with peers and the Verafin team
                          • A special room rate of $199 per night is also available for conference attendees at next year’s venue — the beautiful Hilton Orlando Bonnet Creek Hotel.

                          For up-to-date event information, including agenda topics, venue information, and reservations, please visit the conference website.

                          Hope we see you there!

                          Register Now