Romance scammers dedicate themselves to cultivating fictitious relationships with their victims, often making contact through online dating sites or social media. Although initially based on emotional connection, the relationship becomes defined by escalating requests for funds, typically ending in considerable monetary losses and immeasurable heartbreak for the victim. ⬇️ Watch below as Debby Montgomery Johnson, romance scam survivor turned Fraud Awareness & Victim Support Advocate shares her own story of heartbreak that could happen to anyone.
Verafin
Software Development
St. John's, NL 26,097 followers
The industry's leading Financial Crime Management platform, providing cloud-based software to financial institutions.
About us
Nasdaq Verafin provides cloud-based Financial Crime Management Technology solutions for Fraud Detection, AML/CFT Compliance, High-Risk Customer Management, Sanctions Screening and Management, and Information Sharing. More than 2,500 financial institutions globally, representing more than $8T in collective assets, use Nasdaq Verafin to prevent fraud and strengthen AML/CFT efforts. Leveraging our unique consortium data approach in targeted analytics with artificial intelligence and machine learning, Nasdaq Verafin significantly reduces false positive alerts and delivers context-rich insights to fight financial crime more efficiently and effectively. To learn how Nasdaq Verafin can help your institution fight fraud and money laundering visit www.verafin.com or call 1-877-368-9986.
- Website
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https://www.verafin.com?src=linkedin
External link for Verafin
- Industry
- Software Development
- Company size
- 1,001-5,000 employees
- Headquarters
- St. John's, NL
- Type
- Public Company
- Founded
- 2003
- Specialties
- Human Trafficking Detection, Terrorist Financing Detection, Anti-Money Laundering, Deposit Fraud Detection, Wire Fraud Detection, ACH Fraud Detection, Online Account Takeover Detection, Loan Fraud Detection, CDD/EDD, High-Risk Customer Management, 314(b) Information Sharing, FRAMLx Cross-Institutional Analysis, Case Management, OFAC/Watchlist Scanning, and BSA/AML Compliance
Locations
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Primary
18 Hebron Way
St. John's, NL A1A 0L9, CA
Employees at Verafin
Updates
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Criminals are clever when defrauding your customers through complex check fraud scams. FinCEN is helping institutions fight back – with red flag indicators to help identify mail-related check fraud, and help your customers and institution protect themselves against these sophisticated schemes. ⬇️ Check out this informative video below, where Product Expert Corey Lynch examines FinCEN’s red flags and how your institution can be prepared to protect against mail-related check fraud scams.
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This week at Nasdaq Verafin we’re taking the time to examine various forms of fraud. Today we look at one of the most lucrative and popular, Business Email Compromise (BEC). Last year alone, $6.7B was lost globally to BEC. Featured in the 2024 Global Financial Crime Report, Lilah Jones nearly lost $120,000 and her dream home to a BEC scam. She stands as a stark reminder that these scams can happen to anyone, at any time anywhere — even within the four walls of your dream home. ⬇️ Watch below as Lilah shares her story.
AFC Portraits: Lilah's Story
https://vimeo.com/
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Fraud is a persistent problem, one that can cause emotional devastation, financial ruin, and a shattered sense of trust. This week, we’ll be examining different kinds of fraud, and how financial institutions can help protect their customers and institutions from its crushing consequences. ⬇️ Watch below as Product Expert Corey Lynch examines a particular heinous form of fraud – financial grooming. In this informative video, Corey explains the signs you can be aware of to protect your customers against this abhorrent crime.
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Criminals can use artificial intelligence to make Authorized Push Payment scams such as Business Email Compromise even more convincing. Industry experts Corey Lynch and Andrew Muzzatti discuss the challenge in this special clip. #AntiFraud #BEC #AuthorizedPushPaymentFraud
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As financial crimes continue to evolve, and the regulatory landscape grows in complexity, innovating with artificial intelligence is key to help banks overcome the limitations of legacy approaches and enable a step change in fraud prevention and AML/CFT capabilities. #AI #FightCrime
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The current challenges of ACH fraud require an industry wide approach. Download our new infographic, NACHA’s New Rules: What Your Institution Needs to Know, to learn how your institution can be prepared to respond to this evolving landscape. https://buff.ly/3zMrvbh
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Do you know the red flags of this $77 billion financial crime? Elder Financial Exploitation takes advantage of older adults, who fraudsters may consider more vulnerable to impersonation, extortion and fear tactics. Many cases are never reported — and from lost retirement savings to emotional damage, the crime can leave victims with lasting consequences. Understanding red flags from FinCEN can help your financial institution identify Elder Financial Exploitation before it is too late. #ElderFraud