Verafin Wins 3 Awards from St. Johns Board of Trade, including Business Excellenc e Award Verafin Inc.

, a aundering (AML) Johns Board of cellence Awards leading provider of compliance, fraud detection and anti-money l software, today announced it received three awards from the St. Trade, presented at the associations recent 19th annual Business Ex event.

St. Johns, NL (Canada), Monday - December 26, 2011 -- Verafin Inc. ( http://www.v erafin.com ), a leading provider of compliance, fraud detection and anti-money l aundering (AML) software, today announced it received three awards from the St. Johns Board of Trade, presented at the associations recent 19th annual Business Ex cellence Awards event. The awards honored the company in three categories for "Innovation," "Growth in domestic and export markets," and the top distinction of the year, the "Business Excellence Award." Brian Whiteway, Verafin chief financial officer, was on hand to collect the awar ds. "Were extremely pleased and humbled to be recognized by the local business commun ity," said Whiteway. "Its really a testament to the hard work and the efforts of the 118 people both here in Canada and our office in Alabama. We certainly would nt be the company we are without them." Most recently, Verafin ( http://www.verafin.com ) announced it expanded operatio ns by opening a new corporate office in Birmingham, Alabama, signaling the compa nys continued growth and customer success driven by its industry-leading, FRAML so lution for nearly 800 banks and credit unions in the U.S. and Canada. Verafins FRAML solution utilizes artificial intelligence and behavior pattern-base d recognition to detect suspicious activity. Bringing fraud detection and AML (F RAML) processes together effectively alerts compliance officers and fraud profess ionals of suspicious behavior and anomalies while improving investigations and s atisfying compliance with BSA/AML regulations. About Verafin: Verafin is a North American leader in fraud detection and anti-money laundering solutions for financial institutions, with nearly 800 customers that span 65 cor e processing systems and a broad asset range. Verafin helps financial institutio ns comply with the Bank Secrecy Act, USA PATRIOT Act, and FACTA regulations, whi le also helping to protect against fraud. Verafin is the exclusive provider of f raud detection and BSA/AML software for the California Bankers Association, Mass achusetts Bankers Association, CUNA Strategic Services and 40 credit union leagu es and associations in the United States. For more information, visit http://www .verafin.com , email us at FRAML@verafin.com or call 1-866-781-8433. 2011 Verafin Inc. All rights reserved. All other company and product names may b e trademarks of their respective owners. Press & Media Contact: Catherine Warren Verafin, Inc 570 Newfoundland Drive St. John s, NL A1A 5B1 - Canada (709) 752-3050 x3242 catherine.warren@verafin.com http://www.verafin.com