Anti-Money Laundry Program
Verafin offers its customer intelligence suite which fully integrates anti-money-laundering, fraud detection and watch list checking.
Bank Secrecy Act (BSA)/Anti-Money Laundering (AML) Compliance
Verafin’s anti-money laundering module automates regulatory reporting which means significant productivity improvement and decreased cost of compliance.
Currency Transaction Reporting (CTR)
Suspicious Activity Detection/Reporting
BSA Record Keeping
Customer/Member Due Diligence
Verafin’s know-your-customer/member module provides customer/member risk scoring and watch list checking which means decreased regulatory, operational and reputation risk.
Customer/Member Risk Scoring
Watch List Checking
Verafin’s fraud detection module uses sophisticated intelligent agents to identify unusual activity and reduce fraud losses.
Verafin’s investigative tools provide auditable processes to detect, investigate and manage suspicious activity reporting. This helps to ensure compliance and strict adherence to regulatory reporting requirements.
Click here to link to the Verafin Web site.
For additional information, please contact a Credit Union Resources representative at 1-800-442-5762 and their extension.
Tom Hodge, Ext. 6424
Dean Borland, Ext. 6627
Bonnie Cox, Ext. 6421
Vicky Salkeld, Ext. 6828
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