Partner

Verafin
The industry's leading BSA/AML Compliance and Fraud Detection software provider

Verafin is the leader in cloud-based, cross-institutional Fraud Detection and Anti-Money Laundering (FRAMLx) collaboration software with a customer base of more than 1,500 financial institutions across North America. Its solution uses advanced cross institution behavior-based analytics that help financial institutions stay a step ahead of numerous types of fraud as well as the BSA, USA PATRIOT Act, and FACTA compliance landscape, while allowing them to collaborate cross institutionally. Verafin is the exclusive provider of fraud detection and BSA/AML software for the Western Bankers Association, as well as the Texas Bankers Association, Massachusetts Bankers Association, Florida Bankers Association, Illinois Bankers Association, and has industry endorsements in 47 states across the U.S. Verafin’s is the exclusive provider of FRAMLx that can detect suspicious activity across multiple institutions and facilitates collaboration under Section 314(b) of the USA PATRIOT Act. For more information, visit www.verafin.com/framlx, email info@verafin.com or call (866) 781-8433.

Verafin Offers Free Dummies® Compliance Booklets

Verafin is partnering with the makers of the “Dummies®” books to create an ongoing series of free booklets focusing on the challenges of BSA/AML compliance and fraud detection.

Three booklets are currently available for download, including:

  • Currency Transaction Reporting for Dummies
  • FRAML for Dummies
  • Suspicious Activity Reporting for Dummies

These booklets are free to CBA member banks as part of the strategic partner program. Click here to order your copies today!

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