Watchlist and Sanctions Screening Software
Transform your approach to sanctions screening
with Alessa
Transform your approach to sanctions screening with Alessa
Which Screening Solution is Best for Your Business?
We look up names of people and companies to check for Watchlist, Sanctions and PEP risk. We don’t currently do any continual monitoring of existing clients, partners or vendors. We simply type in names to research.
Basic Screening
On Demand, Up to 10K Unique Names, Standard Audit Report
We look up names of people and companies to check for Watchlist, Sanctions and PEP risk. We also may need real-time screening for the new applicants we are onboarding. We currently do, or are considering, doing continual monitoring of our existing clients, partners or vendors.
Standard Screening
On Demand, in real-time, Batch, PEP Scoring, AI insights from Screening History, EDD plug-in
We currently screen over 500,000 unique clients, partners or vendors annually for Watchlist, Sanctions or PEP risk during onboarding or on a continual basis for existing clients. We also screen, or are considering screening, a high volume of payments or transactions for Sanctions risk. We either have a current screening platform that we want to keep, or we are considering looking at a new platform.
Integrated Screening
On Demand, in real-time, Batch, PEP Scoring, AI insights from Screening History, EDD plug-in Watchlists/Sanctions data in API or Datafile formats
Trusted by Over 150 Companies Across Multiple Industries
Which Screening Solution is Best for Your Business?
Standard Screening
Integrated Screening
AI insights from Screening History, EDD plug-in
Watchlists/Sanctions data in API or Datafile formats
For companies that need a low cost, highly reliable solution for typing in the names of people and companies to look for possible Sanctions, Watchlist or PEP risk.
Perform between 100 – 10,000 unique name searches annually.
You will also have a screening audit report to record all your searches.
For companies that need a low cost, highly reliable solution that helps screen new applicants during onboarding, and continually monitors existing clients for Sanctions, Watchlist and PEP exposure.
Provides a configurable workflow to help aggressively reduce false positives. Comes with our proprietary PEP Scoring module, so that your PEP-related false positives are reduced by at least 50%.
For companies that screen a high volume of clients, partners and vendors for Sanctions, Watchlist and PEP exposure. In addition, you may also screen payments and transactions for Sanctions exposure.
Provides daily Sanctions/Watchlist/PEP feed via datafile or API delivery method, to be ingested into your current screening platform.
- Can include Alessa’s proprietary PEP Scoring module, to reduce PEP-related false positives by at least 50%
Complying with sanctions screening requirements can be complex and costly. You need access to updated lists, procedures in place for ongoing screening (including PEPs) and the ability to easily investigate, remediate and report suspicious activity.
Alessa’s powerful screening solution allows you to:
- Avoid risky relationships while saving money on your screening data costs
- Reduce false positives with our new PEP scoring model
- Leverage Screening Intelligence Dashboards to proactively identify efficiency gains
Key Features
Access to Verified and Relevant Lists
Alessa provides clients access to accurate and timely global coverage of PEPs, watchlists and sanctions to make it easier for you to perform due diligence, comply with regulatory mandates and better manage risks.
- Global Sanctions
- Sanctions Control and Ownership
- Politically Exposed Persons
- Watchlists
- Adverse Media (For individuals)
Real-Time, Periodic, or Event-Based Screening
Alessa lets you identify high-risk persons and businesses, helping you to better manage risky relationships and ensure compliance. Entities can be screened in three ways:
- On-demand screening allows users to evaluate the risk of an entity by entering their information
- Scheduled periodic assessments promptly identify changes in risk profiles for the entire customer base
- Real-time screening allows onboarding and transaction screening systems to assess the risk of an entity, including third parties, in real-time
Monitor for Crypto Exposure
Quickly determine your crypto exposure. Powered by industry leading crypto data providers, Alessa allows you to risk rate your customers’ wallets and risk score virtual asset service providers against a comprehensive list of over 600 crypto exchanges.
Machine Learning and Rules-Based Analytics
Alessa uses machine learning and rules-based advanced analytics to help you detect suspicious transactions that are out of character or exceed the risk tolerance of your organization.
Workflows and Case Management for Flagged Transactions
With a highly configurable workflow module, Alessa facilitates collaborative case management and investigation. Plus, Alessa allows your investigators to search the repository of alerts, cases, comments, etc., for related information to include in the current investigation.
Dashboard and Audit Trails
Alessa tracks all actions taken regarding an alert. With this capability, Alessa can provide extensive reports that enable the effectiveness of the screening process and accompanying investigations to be assessed.
PEP Scoring
Dramatically reduce your PEP related false positives with Alessa’s proprietary PEP scoring solution. Working with an Alessa analyst, you will create a PEP scoring model based on your organization’s risk tolerance, taking into consideration multiple factors such as location, alert type and the PEP’s connections etc.
Insightful Watchlist and Sanctions Screening Software
Alessa uses current sanction lists, OFAC, law enforcement, PEPs adverse media, crypto, and your own internal high-risk lists to provide expansive insights into the risks associated with any customer or entity.
How Does Our PEP Scoring Work?
It’s simple.
Each night Alessa runs your client list against the latest PEP lists and assigns an updated risk score to any PEP in your database. The PEPs whose scores surpass your organization’s risk tolerance are then highlighted and brought to your team’s attention for investigation.
Alessa can either auto-resolve low and/or medium risk PEP alerts or create a separate work queue for lower risk alerts based on your organization’s risk preference.
It’s simple.
Each night Alessa runs your client list against the latest PEP lists and assigns an updated risk score to any PEP in your database. The PEPs whose scores surpass your organization’s risk tolerance are then highlighted and brought to your team’s attention for investigation.
Alessa can either auto-resolve low and/or medium risk PEP alerts or create a separate work queue for lower risk alerts based on your organization’s risk preference.
How Are PEP Risk Scores Calculated?
Our proprietary scoring model analyzes:
- Geography
- Type of PEP
- Riskiness of connections
- Type of alert categories they fall into
- Key data points
Your Annual Savings
PEP Analysis
Alessa re-analyzes and places a risk score on all PEP records every night.
PEP Score
After analysis, PEPs are categorized into High Risk, Medium Risk or Low Risk categories.
Auto-Resolve
Based on your organization's risk appetite, configure Alessa to auto-resolve medium risk and/or low risk PEPs.
Review
Review non auto-resolved PEPs that have been identified to pose high risk to your business.
PEP Analysis
Alessa re-analyzes and places a risk score on all PEP records every night.
PEP Score
After analysis, PEPs are categorized into High Risk, Medium Risk or Low Risk categories.
Auto-Resolve
Based on your organization's risk appetite, configure Alessa to auto-resolve medium risk and/or low risk PEPs.
Review
Review non auto-resolved PEPs that have been identified to pose high risk to your business.
Industries We Serve
Schedule a Free Demo
Learn how Alessa can help you avoid risky relationships.
Book your complimentary demo and see our sanctions and watchlist screening solution in action.
Excellent tool for fraud prevention and risk management
I have worked with Alessa for years because of how useful it is to thoroughly analyze transactions and identify suspicious operations
– Jane Doe, Company ABC
Alessa