Most companies will be required to have, or publicly explain why they do not have, at least two diverse directors, including ones who self-identify as (i) female and (ii) either an underrepresented minority or LGBTQ+.
Verafin provides more than 2,000 financial institutions in North America a cloud-based platform to help detect, investigate, and report money laundering and financial fraud.
The exchange group hopes the new system can make it quicker and cheaper for banks and other financial institutions to sift through the deluge of alerts flagging possible cases of money laundering.
