Jump to Content
close
close
ABA: The American Bankers Association
Industry Insight

AML Consortium Insights: Collective Intelligence in Action

  • Brought to you by Nasdaq Verafin
  • Published November 25, 2025

Financial institutions face mounting challenges in detecting and preventing financial crime. In this blog, Chuck Taylor explains how Nasdaq Verafin’s AML Consortium Insights leverages shared intelligence from thousands of institutions to uncover hidden risks, improve compliance, and accelerate investigations.

As an AML professional with decades of experience, I’ve witnessed firsthand the relentless evolution of financial crime and the challenges it poses to our industry. Today, the scale of illicit activity is staggering: according to the Nasdaq Verafin 2024 Global Financial Crime Report, $3.1 trillion in money laundering and illicit funds flowed through the global financial system in 2023 alone. Drug trafficking, human trafficking, terrorist financing and countless other predicate crimes continue to test the limits of our investigative capabilities.

Read the industry insight
Nasdaq Verafin

Nasdaq Verafin provides cloud-based Financial Crime Management Technology solutions for Fraud Detection, AML/CFT Compliance, High-Risk Customer Management, Sanctions Screening and Management, and Information Sharing. More than 2,500 financial institutions globally, representing more than $9T in collective assets, use Nasdaq Verafin to prevent fraud and strengthen AML/CFT efforts. Leveraging our unique consortium data approach in targeted analytics with artificial intelligence and machine learning, Nasdaq Verafin significantly reduces false positive alerts and delivers context-rich insights to fight financial crime more efficiently and effectively.

In Depth

Related to This