Verafin

Nasdaq Verafin reported $43.6B in financial losses linked to consumer fraud in 2023, having a major impact on the lives of people. But the impacts go far beyond money and can range from lost livelihoods to lasting trauma. Financial institutions are a critical first defense against the life changing consequences of consumer scams.  #GlobalFinacialCrimeReport

Fraud is having a big impact around the world, growing year-over-year. In his new whitepaper, industry expert Jonathan F. explains why Authorized Push Payment fraud is becoming an increasing challenge and why it is leading financial institutions to look for a way forward to protect their financial environment and stakeholders. To this end, a collaborative approach to financial crime has become a necessity. #StopAPPFraud  https://buff.ly/3Lu6rsd

Data makes the difference in detecting and preventing anti-financial crime. In a recent webinar, Nasdaq Verafin expert, Andrew Muzzatti examines how consortium analytics can help solve complex check fraud.

The UK is taking a bold step in the fight against fraud introducing new legislation that requires financial institutions to reimburse consumers for losses associated with Authorized Push Payment (APP) scams. Could the UK be a bellwether for broader change? Our new blog explores their journey to reimbursement and how it may have global implications. Discover: 🌍 How the UK will set a global precedent on October 7. 🧑🏻💻 Expert insights from industry expert Jonathan Frost’s new whitepaper 💸 The need for a broader technological response to APP fraud Read to learn more. https://buff.ly/3YfqrX5

FinCEN’s National Priorities for AML/CFT reflect financial crime concerns such as predicate crimes, which can generate massive profits in illicit financing. Human trafficking, a recognized predicate crime, generates an estimated $150 billion a year globally. The financial industry plays a key role in detecting human trafficking and helping victims become survivors. #HumanTrafficking Learn more from our HT Infographic https://buff.ly/3Sm1DsN

This fall, the UK makes history — mandating full reimbursement for Authorized Push Payment (APP) fraud victims. In a new whitepaper, financial crime expert Jonathan F. explores this globally important precedent, and how financial institutions can foster a way forward that protects their financial environment and stakeholders. Discover Jon’s insights into: 🌎 Global trends in Authorized Push Payments fraud ⚖️ New developments for payments fraud reimbursement liability 💳 Approaches to mitigate APP fraud risk in real-time payments For these insights and more, read the new whitepaper, Shifting Liability: Authorised Push Payment Reimbursement Models Fighting Fraud in Global Real-Time Payment Systems https://buff.ly/3Lu6rsd

By detecting elder financial exploitation (EFE) at the earliest opportunity, your financial institution can help to minimize financial and emotional damage for victims. https://buff.ly/45Fms88 #ProtectSeniors #ElderFraud

An estimated 27.6 million people across the globe are impacted by human trafficking and forced labor at any given time. To help uncover this crime, know the signs – view our infographic to learn more. https://buff.ly/3Xtw0RE