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    Financial Crime Management Technology

    Safeguard the financial system and root out criminal activity

    More than 2500 financial institutions globally leverage Nasdaq Verafin’s innovative cloud-based technology solutions to fight financial crime and strengthen regulatory compliance.

    Learn more about Nasdaq Verafin's Approach
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    Financial crime does not occur in isolation

    It’s not just about damaging trust in markets, or illegitimately enriching an individual. Criminality on exchanges supports a range of nefarious activities and behaviors.

     

     

    it takes a village

    Protecting Your Institutions From Financial Crime

    Investing in cutting-edge technology helps financial institutions stay up to date with the growing sophistication and scale of financial crime. Learn how Nasdaq’s Financial Crime Management Technology helps detect and prevent fraud and money laundering to safeguard the financial system from criminal activity

    Discover Nasdaq Verafin's Solutions

    Investing in cutting-edge technology helps financial institutions stay up to date with the growing sophistication and scale of financial crime. Learn how Nasdaq’s Financial Crime Management Technology helps detect and prevent fraud and money laundering to safeguard the financial system from criminal activity

    Discover Nasdaq Verafin's Solutions ->

    Financial crime is a multi-trillion dollar enterprise that funds and enables narcotics trafficking, modern slavery, and other criminal activity.

    $3.1
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    trillion dollars

    in 2023, in illicit funds flowed through the global financial system.

     

    Source: Nasdaq Global Financial Crime Report

    $485.6
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    billion

    in losses globally to fraud scams and bank fraud schemes.

     

    Source: Nasdaq Global Financial Crime Report

    Employing Leading Edge Technologies

    Entity Research Copilot is a game-changer for us. The ability to assess entities, perform negative news searches, and document the results in seconds is saving us a lot of valuable time. It’s the efficiency boost we needed to expedite our investigations.

    John McVoy, Senior Vice President & Director of Financial Crimes Risk Management, HTLF Bank
    Nasdaq Trade Surveillance for High-Frequency Trading Firms

    HTLF Bank Investigates Entities in Seconds with Entity Research Copilot

    Discover how Nasdaq Verafin’s expertise in applying artificial intelligence (AI) and big data technologies to fight crime helped one customer investigate entities in seconds with Entity Research Copilot.

    Read Case Study ->

    Stopping financial crime is particularly difficult due to its extended reach across different silos, financial institutions, organizations and regions.

    AFC case study

    Crimes can occur across multiple regions, industries, and in various forms

    Tracking crime across different silos improves the ability to detect and prevent the impact of illegal activities.

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    Understanding anomalies in vast amounts of data can be challenging, especially in isolation

    Being able to effectively detect patterns and prioritize areas for investigation is the difference between a false alarm and a critical discovery.

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    The methods and tactics of fraudsters are constantly evolving

    Cutting-edge technology helps stay up to date with the sophistication and advancement of financial crime.

    Watch the Video

    What does an effective approach look like?

    Fighting financial crime effectively requires a multi-pronged approach, bridging the gaps between common areas of exploitation.

    Criminals evade detection by leveraging the interconnected nature of our global financial system.

    How Nasdaq Helps

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    Verafin: Fraud Detection and Management

    Used by: Financial institutions

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    Verafin: Information Sharing

    Used by: Credit unions, banks

    Learn when transactions suggest money is disguising or facilitating criminal conduct.

    How Nasdaq Helps

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    Verafin: BSA/AML Compliance and Management

    Used by: Credit unions, banks

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    Verafin: Information Sharing

    Used by: Credit unions, banks

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    How does Nasdaq put these principles into practice?

    The process of crime-stopping takes place at multiple levels, from detecting irregularities to investigating viable leads.

    Step 1

    Data

    Data is sourced and processed to detect irregularities

    Ensure you have the most comprehensive data coverage and know where to focus.

    Step 2

    Detection

    Anomalies or suspicious patterns generate an alert.

    Form better hypotheses about viable threats.

    Step 3

    Investigation

    Raised alerts are sorted and evaluated by an analyst.

    Understand what alerts are most dangerous and pressing.

    Step 4

    Management

    A report is created and the incident is closed or pursued.

    Escalate damaging leads or file completed investigations reports.

    Stay a step ahead of financial crime and know what you can do to stop it.

    Join Nasdaq’s crime-fighting network in safeguarding the financial ecosystem and combating financial crime on a global scale.

    Sign up to receive resources and information about emergent best practices, technologies, and crime-fighting innovations in this space. Learn how to effectively combat financial crime and make disruption of financial crime activities an institutional priority.

    Financial Crime Management Technology

    Claim Your Free Demo!

    FAQs

    Nasdaq is able to leverage its unique position as connective tissue between different industries, regions, partners, and compliance silos to track a greater extent of financial crime.
    Nasdaq provides coverage across multiple compliance areas, and can give customers the holistic benefit of tracking an actor's crime across different silos.

    Financial crime can have dire consequences, and support horrific activities including, but not limited to, human trafficking, narcotics trafficking, modern slavery, and terrorism.

    Nasdaq has a vast reach as a global, connected financial entity; this allows us to provide solutions that track and disrupt financial crime in the way that it operates, between silos, and across the distinct individual zones it might arise in.

    Resources

    More Information

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