Verafin, a subsidiary of Nasdaq, provides cloud-based financial crime management software for banks and credit unions. Its platform uses machine learning and cross-institutional data analytics to detect fraud, money laundering, human trafficking and other financial crimes. Verafin's tools automate anti-money-laundering (AML) compliance, suspicious activity report filing, high-risk customer monitoring and fraud investigations. The company offers collaborative case management, risk scoring and information sharing among financial institutions to improve detection rates. Founded in 2003 in St. John's, Newfoundland, Verafin has grown to serve thousands of institutions across North America and continues to invest in artificial intelligence to stay ahead of evolving threats.