Nasdaq Verafin Joins Global Anti-Scam Alliance Amid Surge in Cross-Border Financial Crime

Nasdaq Verafin, a financial crime management technology provider, has joined the Global Anti-Scam Alliance (GASA) as a Foundation Member, expanding its collaboration with organizations combating digital fraud across Latin America and beyond. The partnership, announced in The Hague, comes as financial institutions worldwide face increasingly sophisticated scams that exploit information gaps between national regulatory systems and traditional fraud detection methods.

The technology firm will also participate in GASA's Brazil and Mexico chapters, where officials report particularly devastating impacts from scam operations. In Mexico alone, approximately 76% of adults have fallen victim to scams, with total losses reaching 139 billion pesos annually, according to the 2025 State of Scams in Mexico Report.

Background and Context

Financial scams have evolved dramatically with advances in artificial intelligence and digital payment systems. Criminal networks now operate across multiple jurisdictions, using technology to create realistic phishing schemes, impersonation fraud, and sophisticated money laundering operations that challenge legacy security systems. The global nature of these crimes has exposed gaps in international cooperation and information sharing between financial institutions.

The Global Anti-Scam Alliance, established as a nonprofit organization, brings together policymakers, law enforcement agencies, consumer authorities, financial institutions, and technology companies to address these challenges. Their approach focuses on creating coordinated responses to emerging fraud tactics and sharing intelligence across sectors and borders.

Key Figures and Entities

Nasdaq Verafin serves more than 2,700 financial institutions worldwide, representing $11 trillion in collective assets, according to corporate filings. The company specializes in fraud detection, anti-money laundering compliance, and sanctions screening technology, utilizing artificial intelligence and machine learning to identify suspicious transactions across financial networks.

The GASA partnership will involve Nasdaq Verafin executives joining the advisory boards of the organization's Brazil and Mexico chapters. According to Mauriceo Castanheiro, Head of International Payments Fraud at Nasdaq Verafin, the collaboration aims to address how "criminals are innovating at an unprecedented rate, taking advantage of information siloes and the shortcomings of legacy technology to avoid detection."

The Global Anti-Scam Alliance operates through regional chapters focusing on local implementation of global strategies. According to Chapter Director Renata Salvini, the Brazil chapter will benefit from Nasdaq Verafin's "globally recognized institution known for excellence, innovation, and a deep commitment to integrity." In Mexico, Chapter Director Sissi de la Peña emphasized that "combating this epidemic requires integrated defenses where early detection triggers coordinated action across digital platforms, telecommunications, finance, and authorities."

Legal and Financial Mechanisms

Nasdaq Verafin's technology employs a consortium-based approach that analyzes transaction data from approximately 800 million counterparties to detect patterns indicative of financial crime. The system uses artificial intelligence to reduce false positives while identifying sophisticated fraud schemes that might evade traditional rule-based detection systems.

This approach addresses what industry experts identify as a critical vulnerability in financial security: the fragmentation of data between institutions and jurisdictions. By creating shared intelligence networks, financial institutions can identify suspicious patterns that would be invisible when examining transaction data in isolation. The technology also helps institutions meet regulatory requirements for anti-money laundering compliance while managing the operational costs of false positive investigations.

International Implications and Policy Response

The partnership reflects growing recognition among financial institutions and regulators that combating digital fraud requires coordinated international action. Scam operations frequently route through multiple jurisdictions to evade detection, exploiting differences in regulatory frameworks and information sharing protocols between countries.

In Latin America, the challenge is particularly acute. Financial inclusion initiatives have expanded access to digital payment services, but corresponding consumer protections and fraud detection systems have often lagged behind. The Mexico chapter reports that artificial intelligence has "democratized productivity but industrialized fraud," creating what officials describe as a countdown to increasingly devastating financial crimes in 2026.

The collaboration between technology providers like Nasdaq Verafin and multi-stakeholder organizations like GASA represents an emerging model for addressing these challenges. Rather than relying solely on regulatory enforcement, the approach emphasizes shared intelligence resources and coordinated response mechanisms that can operate across traditional jurisdictional boundaries.

Sources

This report draws on the Global Anti-Scam Alliance announcement, the Nasdaq Verafin corporate profile, and the 2025 State of Scams in Mexico Report. Additional context comes from publicly available information about cross-border financial crime patterns and regulatory responses to digital fraud.