Are you banking a Risky Entity?

Risky-Entity-new

What does Risky Entity mean?

When the identification used to open an account at your institution is associated with suspected criminal proceeds or money laundering at another institution.

200,000 Risky Entities

could be operating in the U.S. right now.

Estimated Risky Entities by State

for financial institutions up to $30B in assets2

Source: Estimated Risky Entities are determined by comparing data from Verafin internal statistical analysis and market research, as of November 1, 2015

Estimated illicit proceeds generated in the U.S.

$300B

per year

$822M

every day

$9,500

each second

Fraud and drug trafficking offenses generate most of those proceeds.

National Money Laundering Risk Assessment 2015 – U.S. Department of the Treasury

Estimated Potential Risky Entities by Asset Size

for financial institutions up to $30B in assets2

<$200M

Asset Size

institution-02

8,500

Risky Entities

8500RE

$200M – $500M

Asset Size

institution-02

10,300

Risky Entities

10446-RE

$500M- $2B

Asset Size

institution-02

14,400

Risky Entities

14322-RE

$2B – $30B

Asset Size

institution-02

19,800

Risky Entities

19657-RE

Source: Estimated Risky Entities are determined by comparing data from Verafin internal statistical analysis and market research, as of November 1, 2015

Could my institution have risky entities that are working together to generate illicit funds?

LEARN MORE BY WATCHING OUR WEBINAR ON-DEMAND

Crime Rings Have Grown to a Prevalent and Formidable Threat

ACAMS Webinar Replay

In this webinar, former Assistant Director of the FBI, Chris Swecker, and Verafin co-founder Brendan Brothers, detail several real-life cases of organized criminals working together to perpetrate numerous types of financial crimes, and the best practices to extend your financial institution’s line of defense against crime rings.

© 2015 Verafin Inc. Except where references are noted, all content presented on this site is sourced by Verafin Inc. from internal statistical analysis and market research, and is intended for informational purposes only.