BSA compliance is one of the key issues facing credit unions today. The mandatory requirements to monitor, detect, and report suspicious activity have created an overwhelming manual workload for credit unions. Verafin's anti-money laundering module eliminates the time consuming workload of manually completing currency transaction and suspicious activity reports. It electronically generates all reports required under international money laundering legislation.

Verafin's customer intelligence suite combines advance artificial intelligence technologies with sophisticated pattern recognition techniques to help ensure compliance with the Federal Financial Institutions Examination (FFIEC) BSA/Anti-Money Laundering Examination Manual as well as addresses fraud detection.

Endorsed Vendor.