Name: Entity Resolution, Counterparty Data and Link Analysis for AML Efficiency
Start: 2022-10-13T16:00:00Z
End: 2022-10-13T16:01:03.000Z
Location: BrightTALK

Nasdaq Verafin is the industry leader in enterprise Financial Crime Management solutions, providing a cloud-based, secure software platform for Fraud Detection and Management, BSA/AML Compliance and Management, High-Risk Customer Management and Information Sharing. 3500 banks and credit unions use Verafin to effectively fight financial crime and comply with regulations. 

Leveraging its unique big data intelligence, visual storytelling and collaborative investigation capabilities, Verafin significantly reduces false positive alerts, delivers context-rich insights and streamlines the daunting BSA/AML compliance processes that financial institutions face today. 

Verafin is the exclusive provider for Texas Bankers Association, Western Bankers Association, and CUNA Strategic Services, with industry endorsements in 48 U.S. states.

Originally Presented: June 19, 2024

June 15 is Elder Abuse Awareness Day, with the aim to highlight the growth in crimes targeting the elderly population. Vastly underreported, elder financial exploitation (EFE) is estimated to impact countless elderly Americans each year and is a growing concern. Victims can lose their savings and investments – severely impacting their personal well-being and financial security.

The variety of scams impacting elderly victims can oftentimes be tied to other financial crimes and criminal networks. As highlighted in the AML/CFT Priorities, predicate crimes that generate illicit proceeds and are laundered pose a major threat to the financial system. Improving the efficiency and effectiveness of the nation’s AML/CFT regime is essential.

In this panel conversation, industry experts discuss the scope of the problem EFE poses and the role financial institutions play in addressing and preventing them.

Elder Financial Exploitation: Trends and Typologies

Originally Presented: August 16, 2024

Last year, NACHA’s ACH Network saw its eleventh straight year of growth exceeding $1 trillion as demand from consumers for electronic payments increased — and fraudsters are following the money. As Business Email Compromise (BEC) and other authorized push payment (APP) scams cause concern in the financial industry, NACHA has issued new rules to strengthen their network against these scams by promoting detection across the entirety of ACH payments — from origination to receipt.

Join Corey Lynch, and Andrew Muzzatti from Nasdaq Verafin, as they do a deep dive into these new rulings, and how Nasdaq Verafin can help navigate financial institutions through this new ACH landscape.

ACH Fraud: Navigating NACHA’s New Detection Rules

Originally Presented: August 1, 2024

Fraudsters have learned to adapt recent advances in technology to target customers using a variety of illicit tactics. Authorized Push Payment (APP) fraud scenarios such as Business Email Compromise (BEC), elder scams and cryptocurrency investment schemes are a growing concern. Meanwhile, organized criminal groups are coordinating efforts to launch sophisticated attacks, developing fraud scams that are impacting customers.

Our webinar looks closely at recent fraud trends to examine how criminals have adapted to circumvent improved security and controls at financial institutions. We also discuss current developments in the industry, focus on the role of technology, and delve into why consortium counterparty analytics and cross-channel intelligence are essential to prevent losses.

Fraud Schemes & Scams: Industry Trends & Consortium Solutions

Money mules are the conduit between fraud and money laundering, facilitating the flow of $3.1 trillion in illicit funds through the financial system in 2023, all while complicating the money trail to disguise criminal activity. Complicit or deceived, and often desperate, these criminals fuel the most heinous crimes imaginable and underpin the world’s financial crime epidemic.

In this educational webinar, Product Expert Corey Lynch explores insights into money mules — from their witting or unwitting recruitment to their role at the confluence of financial crime, laundering funds, hindering AML/CFT controls and helping criminals evade regulatory scrutiny.

Through engaging case studies and expert perspectives, you will learn why innovating and collaborating to disrupt money mule activity is crucial to interrupt the world’s multi-trillion-dollar money laundering problem.

Money Mules: Insights at the Confluence of Crime

Payments fraud is constantly evolving. Understanding the risk across payment rails can help protect your customers and your institution.

In this on-demand webinar, Head of Fraud Product Strategy Colin Parsons discusses how to protect your institution across multiple payment rails. This discussion will examine:

- The pervasiveness of payments fraud across the globe.
- An overview of risk across multiple payments rails such as wire, ACH and instant payments.
- The human impact of payments fraud scams.
- A real-life survivor story involving Business Email Compromise.
- The value of a consortium approach in protecting your customers and institution.

Originally Presented: October 31, 2024

Protecting your Institution from Evolving Payments Fraud Risk

[Originally Presented: April 16, 2025] 
From issuance to in-clearing, the journey of a check can take several bad turns if it ends up in the hands of a criminal. Watch as Nasdaq Verafin product experts Corey Lynch and Nick Pearson, explore the ongoing challenges of identifying checks that have not reached their intended destination. 

 In this informative webinar, discover the characteristics and variety of check fraud scams targeting both customers and financial institutions, and the role that consortium technologies paired with machine learning models have in stopping simple to complex check fraud typologies.

Stolen Checks: A Journey Interrupted

[Originally Presented: April 30, 2025] ACH payment volume rose to $86.2 trillion in 2024, continuing to increase by over $1 trillion per year. Fraudsters are taking advantage of this by targeting your customers with deceptive fraud typologies. To combat this, Nacha has created new requirements for institutions — and the compliance deadline is less than a year away. 

Join experts Corey Lynch and Peter Barbour as they provide an overview of your new requirements, and how Nasdaq Verafin’s ACH solution will help you: 

- Align Standard Entry Class (SEC) codes with expected transaction types.
- Review transactions with suspicious dollar amounts.
- Monitor the age of the receiving account to detect anomalies.
- Flag multiple similar credit entries over a short period.
- Identify transactions directed to dormant or newly opened accounts.

Understanding & Complying with Nacha's New Operating Rules

*Originally Presented Dec 2024*

In our year-in-review, discover the latest advancements in anti-money laundering technology and how artificial intelligence (AI) is transforming the financial industry’s approach. Learn about money laundering trends, the impact of new regulations, the role of AI in streamlining investigations, and the innovative solutions being adopted to combat financial crimes.

Join our expert speakers, Nasdaq Verafin’s Corey Lynch and Michelle Brophy, as they provide insights into the challenges and opportunities in the AML landscape taking place in 2024, and how your institution can stay ahead of the curve in 2025.

2024 AML Trends & Technology

*Originally Presented Dec. 2024*

In this special session Product Expert Corey Lynch and Head of Product Marketing for Fraud Susan Park explore the financial crime management challenges of 2024, fraud trend considerations for 2025, and the role of technology — such as AI — in the detection and prevention of financial crime.

2024 Fraud Trends and Tech

Originally Presented: Mar. 25, 2025

Join Nasdaq Verafin’s Corey Lynch and guest expert Raymond Olsen, SVP Senior Director Fraud Management with Wintrust Financial Corporation, for an insightful discussion on the state of check fraud and its continuing impact on the financial sector.  

This engaging presentation will be driven by questions from you and other peer institutions focused on the core issues behind check fraud and the solutions available to address this problem.  

From hard-to-solve typologies to the technology and innovation needed to uncover them, hear first-hand industry commentary and a broader vision for check fraud solutions that provide a complete picture of risk across the lifecycle of a check.

Check Fraud Q&A

Money mules enable the flow of $3.1T in illicit funds through the global financial system. Whether career criminals or unsuspecting victims, money mules help hide illicit activities and launder the proceeds of crime. 

Join Nasdaq Verafin experts Corey Lynch and Peter Barbour as they discuss the role of money mules in financial crime, and how financial institutions can respond.

Conduits of Crime: Detecting and Preventing Money Mules

Originally Presented: February 27, 2025

The fraud landscape is always evolving — and fraudsters are learning new ways to use technology against you. Your financial crime management system must keep pace to protect your customer’s assets.

In this on-demand webinar, fraud experts Corey Lynch and Philippa Gosine discuss the new scams your institution will encounter. You will learn how:

- Fraudsters are using technology to exploit fast-growing payment methods.
- Virtual kidnapping and deepfakes are adding a frightening dimension to authorized push payment scams.
- Scammers are using Business Email Compromise to target ACH transactions.
- Fraud-as-a-service models are making complex scams more accessible.
- Check fraud will remain a high priority for institutions.

Join us for the most up-to-date insights on the most prominent tech-enabled scams!

The New Fraud Era: Virtual Kidnapping, Deepfakes & Tech-Enabled Scams

Originally Presented: August 16, 2024

Last year, NACHA’s ACH Network saw its eleventh straight year of growth exceeding $1 trillion as demand from consumers for electronic payments increased — and fraudsters are following the money. As Business Email Compromise (BEC) and other authorized push payment (APP) scams cause concern in the financial industry, NACHA has issued new rules to strengthen their network against these scams by promoting detection across the entirety of ACH payments — from origination to receipt.

Join Senior Sales Specialist Corey Lynch, and Andrew Muzzatti Lead – Marketing at Nasdaq Verafin, as they do a deep dive into these new rulings, and how Nasdaq Verafin can help navigate financial institutions through this new ACH landscape.

In the current economic climate, the need for greater efficiency in AML/CFT programs is acute. Financial institutions are facing high volumes of false positive alerts, inefficient alert triage and investigations, and lack of single systems of record. With a unique approach, Verafin integrates, resolves, and enriches data from across hundreds of data sources and thousands of institutions across the Cloud. Through automated entity resolution and enriched counterparty data, Verafin’s powerful link analysis and investigation tools empower fraud, AML/CFT and complex investigations teams to expedite decision making and confidently address truly suspicious activity. 

Join our Product Experts as they discuss the anti-financial crime challenges faced by institutions relying on legacy AML approaches, and how institutions can use data-driven technology solutions to increase the efficiency and effectiveness of AML/CFT programs.

Entity Resolution, Counterparty Data and Link Analysis for AML Efficiency

314(b) Information Sharing

BSA/AML Compliance

anti-money laundering

Due Diligence

money laundering

complex investigations

Compliance

Risk Management

Internal audit and compliance professionals are facing increasingly stringent regulatory requirements when it comes to compliance reporting and internal control procedures. Join the audit and compliance community to learn best practices from thought leaders on topics such as regulatory compliance, internal audit checklists and audit program strategies.

Audit and Compliance

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Financial Regulation

Get powerful banking and treasury insights for your business. Connect with experts and colleagues to get the most up-to-date knowledge on hot topics such as digital banking, payments disruption and non-bank competition. Learn how the latest treasury management strategies are helping to mitigate operational, financial and reputational risk.

Banking and Treasury

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Fintech

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Entity Resolution, Counterparty Data and Link Analysis for AML Efficiency

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Nasdaq Verafin Financial Crime Management