By Meghan Sutherland, CEO, FiVerity
In the fight against financial crime, speed and collaboration make all the difference. Fraudsters operate in organized rings, exploiting gaps between institutions, industries, and enforcement agencies. Yet far too often, the professionals trying to stop them - fraud investigators, AML officers, and compliance teams, are left operating in silos.
That’s what we’re solving.
Today, I’m proud to introduce a major step forward in collective fraud defense: FiVerity’s AI-Powered Joint Investigations.
This new capability doesn’t just enable secure, real-time collaboration between financial institutions - it transforms how investigations begin, evolve, and resolve. Whether you're in banking, fintech, crypto, law enforcement, or a public agency, FiVerity now provides a faster, smarter way to investigate suspicious activity together.
Built for Collaboration Across the Ecosystem
Joint Investigations were designed to support all forms of collaboration: from informal intelligence-sharing and secure messaging to fully authorized 314(b) engagements under the Patriot Act. As a registered FinCEN 314(b) association, FiVerity offers unique value:
- ~46,000 currently registered participants can collaborate under our secure framework
- Eligible but unregistered institutions can engage immediately under FiVerity’s umbrella
This opens the door for broader collaboration - not just among traditional banks, but also credit unions, fintechs, crypto platforms, and other eligible financial service providers. We’re enabling cross-industry investigations while ensuring compliance, security, and speed.
What’s more, collaboration shouldn’t be gated behind a paywall or limited to subscribers.
To ensure intelligence-sharing is accessible to all, FiVerity allows non-subscribing institutions to create accounts for the sole purpose of participating in joint investigations. This removes friction, prevents new data silos, and allows any eligible organization to contribute to and benefit from the network, while staying compliant under 314(b) and other regulatory frameworks.
Solving the Real-World Challenges of 314(b)
The 314(b) framework provides essential legal protections for information sharing regarding possible terrorist financing, money laundering, and predicate crimes such as fraud, but most institutions struggle to maintain a program that’s fast, scalable, and effective.
That’s where FiVerity steps in. We not only enable 314(b) collaboration, we manage the complexity for you - streamlining outreach, documenting engagement, and solving for the time, staffing, and expertise that smaller teams often lack.
How It Works
- Start a New Investigation: Launch investigations and invite other institutions — even if they’re not already on the platform.
- AI Pattern Matching: Our ML engine highlights similar fraud typologies, related cases, and potential collaborators.
- Verified Participants: Every participant is vetted for 314(b) eligibility, protecting your institution and the investigation.
- Structured Investigation Packages: Prefilled formats make requesting and responding fast, compliant, and consistent.
- Smart Alerts: Automated notifications keep everyone informed without constant check-ins.
- Secure Collaboration Hub: Encrypted messaging allows real-time communication between institutions and agencies.
The Benefits Are Clear
- Accelerated, Accurate Investigations: AI surfacing of patterns and structured summaries reduces time and errors.
- Collaborative “Super SARs”: Strengthen filings with deeper context and multi-institutional insight.
- Inclusive, Frictionless Collaboration: Registered and unregistered institutions work together with no integration barriers.
- Secure, Trust-Driven Engagement: Role-based access and verification promote safe, productive dialogue.
- Built-In Compliance Controls: 314(b) rules and PII protections embedded throughout the workflow.
Why It Matters
Financial institutions are facing increasingly sophisticated financial crime — from fraud networks to terror financing. As FinCEN highlighted in a recent webinar, one of the most powerful tools to fight financial crime remains underused: 314(b) information sharing.
This provision enables institutions to voluntarily collaborate on suspicious activity investigations, enhancing SAR quality, enabling “super SARs,” and accelerating detection of illicit networks. It also allows sharing of fraud-related intelligence when there’s a reasonable belief of laundering activity - even when PII is involved, under Safe Harbor.
With FiVerity’s role as a registered 314(b) association, we make this collaboration easier, faster, and more secure. Our platform eliminates traditional barriers like manual outreach, non-standard formats, and delayed responses. We also offer participation to both registered and eligible institutions, reinforcing FinCEN’s call for more associations and accessible collaboration.
Better insights. Better SARs. Better outcomes - for institutions, regulators, and national security.
Ready to See It in Action?
This feature is already available to FiVerity partners - and it’s easy to get started, even if you’re not yet on the platform. Whether you’re looking to create or scale a 314(b) program, we’re ready to help.
Together, we’re building the future of financial crime prevention - collaborative, intelligent, and built for speed.
Schedule a demo today and see what’s possible when institutions work together.