Case Study: Landmark Bank improves fraud detection and CTR reporting with Verafin

Landmark Bank - Customer Case Study

Landmark Bank, a $2.9B community bank serving 27 communities across three states, was struggling with manual BSA compliance, suspicious activity reviews, and a cumbersome CTR process across 39 branches. The bank needed a more automated way to monitor customer behavior, identify high-risk activity, and reduce the time and error burden of regulatory reporting.

Verafin provided Landmark Bank with a cloud-based FRAML solution covering BSA reporting, transaction monitoring, case management, and customer risk analysis. With Verafin, Landmark Bank gained a cross-channel view of customer activity, improved detection of suspicious activity such as check kiting, and dramatically sped up CTR filing—Jan Simpson reported filing over 60 CTRs in three hours, versus three days previously—while also reviewing 45 customers in 40 minutes instead of two days.

Landmark Bank

Jan Simpson

VP/BSA & OFAC Office