An integrated AML compliance platform for due diligence, sanctions screening, transaction monitoring, regulatory reporting and more >
One solution, no silos
Alessa provides all the anti-money laundering (AML) capabilities that banks, money services businesses (MSBs), FinTechs, casinos and other regulated industries need – all within one platform. Integrated with existing core systems, the solution includes:
- Real-time due diligence
- Transaction monitoring and screening
- Sanctions screening
- Automated regulatory reporting
- Advanced analytics like anomaly detection and machine learning
- Dashboards, workflows and case management
6 ways Alessa increases the success of AML programs
Use real-time risk intelligence to know who you are doing business withRead about ID Verification
Monitor all transactions to intercept suspicious activities for investigationRead brochure
Real-time and periodic screening to detect high-risk entities and activitiesRead brochure
Automated creation, validation and e-filing of SARs, CTRs, STRs for various jurisdictionsEliminate the burden
Realistic assessment of risks based on entity profile and activity that is configurableMore about Risk Scoring
Deeper risk intelligence
Alessa includes APIs for integration with onboarding systems to verify identities and search sanctions, politically exposed persons (PEPs), OFAC, and proprietary lists in real time. Use this information to update the risks associated with an entity.
True picture of risks
Alessa leverages data from various sources to create a risk score. Risk factors, weights, scores, and aggregates are all configurable by the organization to match their risk appetite and tolerance. Periodic reviews are managed by workflows and scores are updated based on the entities’ activities.
Screen every activity
With Alessa, monitor every financial activity to get a holistic view of customer activities. The solution generates alerts for suspicious activity and sends them to the appropriate personnel for investigation and reporting.
Rules-based and advanced analytics
With regulatory enforcement and operations applying significant pressure on organizations, fraud is no longer an acceptable “cost of doing business”. Alessa uses both rules-based and advanced analytics, like anomaly detection and machine learning, to detect suspicious transactions that are out of character and exceed the risk tolerance of the organization.
Make investigations easier
Flagging potential issues is just half the solution. Alessa has a highly configurable workflow module that facilitates collaborative case management and investigation. Investigators can search the repository of alerts, cases, comments, etc., for related information to include in the current investigation.
Eliminate tedious reporting
Alessa offers automated regulatory reporting for currency transaction reports (CTRs), suspicious activity reports (SARs) and suspicious transaction reports (STRs). Reports are auto-populated, validated and electronically submitted to regulators, including FinCEN, FINTRAC and jurisdictions using goAML.
UK Gambling Commission bets crackdown will improve AML compliance
The UK Gambling Commission recently issued a 98-page guidance to assist those who set casino operators’ risk management policies and procedures and controls for preventing money laundering and terrorist financing. See what they had to say.Read more
Tips on how to comply with FinCEN's Beneficial Ownership Rule
This five-part white paper explores challenges faced by financial institutions in implementing the beneficial ownership requirement of the CDD Rule as well as recommendations on how to comply.Learn how to comply
Casinos: Don’t gamble with your AML program
Casinos, like River Rock Casino, are facing the consequences of failing to comply with AML regulations. Here are threats to watch for and how to address them.See how
MSBs: Get serious about AML compliance
Once upon a time MSBs like Western Union could be lax about fulfilling AML requirements. Oh, how times have changed.Read more
Advanced analytics for AML professionals
What do AI, machine learning and other terms really mean and how are they used to improve counter-fraud and AML strategies?Learn what the terms mean
Ready to learn about how Alessa can help your organization?
Contact us to learn about how we can improve the performance of your AML program