Detecting Human Trafficking
Verafin
May 7, 2024
Financial institutions can play a key role in detecting human trafficking activity related to forced labor and sex trafficking. When a financial institution has the knowledge and tools to uncover these types of human trafficking, they can help turn the life of a victim, into the life of a survivor.
Check out this infographic that describes these most recognizable forms of human trafficking based on member behavior and transactional activity and learn the key indicators that can help your institution identify a victim of human trafficking.
About Verafin
Verafin is the industry leader in enterprise financial crime management, providing a cloud-based, secure software platform for fraud detection and management, BSA/AML compliance and management, high-risk customer management and information sharing. More than 1,200 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 reduces false positive alerts, delivers context-rich insights and streamlines BSA/AML compliance processes. Verafin has industry endorsements in 45 states, including the TBA, WBA, FBA, MBA, and CUNA Strategic Services.