False positives in transaction monitoring overwhelm compliance teams and frustrate customers. Improve outcomes by enhancing data quality, using risk-based methods, and applying AI to reduce alerts and boost efficiency.
Healthcare fraud is rising fast, costing billions and eroding trust. Learn how to detect, prevent, and fight back with smarter compliance strategies.
Renewing sanctions and PEP contracts is key to avoiding fines, managing risk, and staying compliant in a shifting regulatory environment.
Discover practical tips to effectively reduce AML false positives. Streamline your processes and enhance compliance. Read the comprehensive checklist now!
Discover essential strategies to effectively prevent securities fraud. Learn practical steps to protect your investments and ensure compliance.
An in-depth whitepaper delving into 2025 AML compliance trends, uncovered by surveys and interviews with industry experts and professionals.
Discover Brazil’s new AML regulation for gaming, key requirements, and how operators can ensure compliance and thrive in this growing market.
Discover best practices for enhanced due diligence to ensure compliance and mitigate risks. Read the article for practical insights and strategies.
Learn the top 10 factors that AML compliance professionals should be scoring to ensure they have a complete picture of client risk.
Discover 4 best practices for AML professionals to optimize transaction monitoring rules, improve detection accuracy, and ensure compliance.
Learn the real estate money laundering red flags compliance professionals should watch out for to protect their business and ensure compliance.
Learn the top 10 factors that AML compliance professionals should be scoring to ensure they have a complete picture of client risk.
Learn about primary and secondary sanctions, their impact on global trade, and best practices for compliance to manage risks and maintain regulatory adherence.
Explore the evaluation of corporate compliance programs to ensure ethical operations, risk management, and adherence to evolving regulations.
An overview of the benefits and challenges that real-time AML monitoring can bring to financial institutions striving for compliance.
Discover how the Alessa and RZOLUT partnership delivers seamless compliance functionality from IDV to automated regulatory reporting.
Learn how Alessa’s risk scoring module can strengthen your establishment’s AML compliance program by providing a full view of client risk.
Get a clear look at the PCMLTFA and its role in fighting money laundering. This overview covers what you need to know for better compliance and understanding.
Explore FinCEN’s latest regulations on real estate and investment advisers, focusing on compliance, transparency, and the impact on the financial industry.
Learn the key steps for KYC onboarding, from verifying identities to monitoring customer transactions. Find out how to stay compliant and minimize risks in financial services.
Learn five best practices to ensure FCA compliance and boost trust and stability in financial markets.
Learn about FINRA Rules 2090 and 2111, which require firms to know their customers (KYC) and make suitable investment recommendations.
Learn about key FINRA rules, AML best practices, and the importance of compliance for financial firms in this comprehensive guide.
Learn about the vital role of transaction screening in AML compliance, key components, and best practices for effective screening.
An overview of the benefits of perpetual KYC (pKYC) for financial institutions, including enhanced AML/ATF regulatory compliance and risk management.
An overview of and best practices for complying with the European Union’s new legislation, the Digitial Operational Resilience Act (DORA).
Learn more about a methodology used by financial institutions on how to interpret an AML country risk rating assessment.
Check out our free extensive 39-page overview of AML compliance for the banking industry, including best practices and future trends.
Learn about the importance of KYB verification in combating financial crimes and ensuring anti-money laundering compliance for financial institutions.
Learn about the NS-CMIC List, the U.S. sanctions targeting Chinese military-industrial complex companies, and the compliance obligations for U.S. persons.
An overview of FCPA compliance and best practices to ensure compliance and mitigate fraudulent activity and reputational damage.
PEP screening is a crucial component of an effective AML compliance program. Learn why your business needs to screen for PEPs and how Alessa can help.
Learn PEP screening best practices for banks, including using quality PEP lists, taking a risk-based approach, and leveraging AML technology solutions.
Learn how to reduce AML false positives in your compliance programs and streamline your screening procedures to increase efficiency.
An in-depth overview of politically exposed persons (PEPs), including how to define, identify, and screen for these individuals.
Discover what eKYC is and how it streamlines and reduces the cost of customer identity verification while ensuring compliance with KYC regulations.
Discover the OFAC FSE List, why it was created, and the risks of trading with FSE-listed entities. Plus, learn how to streamline OFAC sanctions screening.
Discover the OFAC Consolidated Sanctions List, its purpose, and the sanctions records it includes. Plus, we explore how to streamline OFAC sanctions screening.
Learn what sanctions are, the penalties for sanctions breaches, and why a sanctions compliance program is essential when trading across borders.
An overview of the key OFAC sanctions lists, including the SDN, NS-MBS, and SSI lists, and learn how to overcome common OFAC sanctions screening challenges.
Learn why source of funds and source of wealth play a vital role in anti-money laundering activities, including KYC and customer due diligence.
Discover how criminals use the art world’s high-value, cash-intensive markets for art money laundering to obscure the origin of ill-gotten gains.
Uncover the secrets of crypto wash trading: Learn how it works, why it’s risky, and how to spot this deceptive market practice in our comprehensive guide.
An interesting perspective from Alessa CEO Holly Sais Phillippi, on her first year leading the company, exploring challenges faced and lessons learned.
Check out our extensive 30-page overview of AML compliance for gaming institutions, including best practices for casino risk management.
Explore the diverse typologies of money laundering and terrorist financing, from shell companies and offshore accounts to layering, smurfing, and mingling.
Explore FINTRAC Suspicious Transaction Reports (STRs), including what they are, who submits them, reporting requirements, and STR report automation.
A summation of FinCEN’s October 20, 2023 alert regarding the counter financing of Hamas.
A summation of FinCEN’s October 20, 2023 alert regarding the counter financing of Hamas.
Stay up to date with the latest advisories and guidance from the Financial Crimes Enforcement Network (FinCEN) as they are released.
An overview of the FATF grey list and black list and why they are important for compliance professionals.
An overview of best practices for compliance with FinCEN’s requirements for Section 314(a) of the USA PATRIOT Act.
Check out an overview and schedule of upcoming changes to FINTRAC’s reporting forms, including LCTRs, STRs, EFTRs, and CDRs.
Stay up to date with the latest advisories and notices from Canada’s FINTRAC.
Learn what suspicious activity reports are, which organizations must file SARs with FinCEN, and what happens when a SAR is filed.
Learn what the OFAC SDN list is, why businesses and individuals are added, and your company’s SDN list due diligence and reporting obligations.
Check out an in-depth overview for financial institutions on customer identification program (CIP) requirements.
Learn the key anti-money laundering actions cryptocurrency exchanges must take to comply with AML cryptocurrency regulations in the U.S.
Learn how to find the best AML software vendor for your AML compliance program. We explain how to assess AML software features and capabilities.
Learn the requirements and benefits of acquiring an EMI license to operate in European Union and the United Kingdom.
Is your money service business compliant with AML regulations? Our checklist covers essential AML policies, from registering with FinCEN to AML tools.
An overview of the Money Laundering Control Act, including explanation of requirements, jurisdiction, and enforcement of the legislation.
Explore the importance of adverse media screening for anti-money laundering compliance, its role in customer due diligence, and best practices.
Learn why vendor consolidation should be an important factor in your anti-money laundering (AML) software vendor selection process.
Learn how Alessa’s machine learning module can strengthen your establishment’s AML compliance program.
Learn about ultimate beneficial ownership (UBO) and its importance in complying with U.S. anti-money laundering regulations for financial institutions.
Learn about High Intensity Financial Crime Areas (HIFCAs) and how financial and money services businesses can reduce HIFCA compliance risk.
An overview of the Money Laundering Suppression Act (1994), and its implications for AML compliance professionals.
Learn how to complete an effective AML audit of your business and why it is vital to ensuring a properly functioning compliance program.
An overview of the Annunzio-Wylie Anti-Money Laundering Act (1992) for compliance professionals, and the requirements brought about by the legislation.
An overview of account takeover fraud (ATO), including red flags and measures financial institutions can take to detect and prevent it.
Learn about Currency Transaction Reports (CTRs) – their purpose, history, requirements, and how they help prevent financial crimes.
Learn the importance of vendor due diligence (VDD), the VDD process, and best practices to ensure that your business partners are compliant and reliable.
Learn how Alessa’s AML compliance modules can strengthen your gaming establishment’s compliance program.
Learn how Alessa’s AML compliance modules can provide your business with a true understanding of risk and strengthen your compliance program.
An overview of how machine learning can prevent money laundering, and an analysis of whether your AML compliance program should be using it.
Keep on top of the latest advisories and guidance from the FATF.
An overview of the Anti-Money Laundering Act of 2020 (AMLA) and its impacts for the compliance programs of financial institutions.
Trade-based money laundering is notoriously difficult to detect. Learn the eight red flags that help compliance teams identify TBML and reduce compliance risk.
The ENABLERS Act seeks to extend AML requirements to professional service providers. Learn more about the legislation, its implications, and future prospects.
An overview of the holistic strategy to fraud detection and anti-money laundering, known as FRAML.
View a regulatory compliance checklist for compliance professionals working in the banking industry.
Automated transaction monitoring reduces risk and expedites AML compliance. Learn what automated transaction monitoring is and how it works.
Risk-based know your customer (KYC) processes require enhanced due diligence (EDD) for high-risk clients. But what is EDD and when is it required?
An overview of payment fraud and ways your business can detect and prevent it.
NFT money laundering creates regulatory compliance risks for crypto-asset businesses. In this blog, we explore how NFT money laundering works and NFT AML strategies.
Is your business compliant with cryptocurrency anti-money laundering regulations? Learn about crypto laundering and reducing AML cryptocurrency compliance risks.
An overview of AML, CDD and KYC and their similarities and differences.
Are casino compliance software solutions worth it? Learn about the pros and cons of implementing technology with your compliance program.
A look at human trafficking from an AML perspective and survivor’s perspective, from a webinar by Timea Nagy.
An overview of what financial institutions need to know about FinCEN’s real estate Geographic Targeting Orders.
An overview of the Travel Rule for crypto with explanations of AML regulations and best practices for compliance.
Learn what KYC for crypto looks like and how to set up your team to be able to comply with AML/CFT regulations for virtual currencies.
Read an overview of the Corporate Transparency Act for compliance professionals, explained by the AML solution providers at Alessa.
A recap and timeline of key anti-money laundering (AML) and Bank Secrecy Act (BSA) regulations from the compliance experts at Alessa.
Learn about public-private partnerships and their role within AML compliance
View a free webinar on how to strengthen your casino’s AML program.
View a free webinar on how Alessa can help streamline your compliance program, saving your business time and effort.
Keep on top of the latest advisories and guidances from Australia’s AUSTRAC.
Learn strategies and tips for complying with the new sanctions against Russia.
Learn about various AML risks inherent to fintechs, and solutions and tools for combatting money laundering and terrorist financing.
As providers of casino anti-money laundering (AML) software solutions our experts review important suspicious activity reporting guidance for casinos.
This webinar explores one methodology FIs may consider to assess individual countries’ money laundering risk.
Explore how financial institutions can take a risk-based approach to AML, KYC and BSA compliance when working with cryptocurrencies.
What risk factors should you consider when assessing customer risk from financial products and services perspective?
In this webinar we explore how a customer’s anticipated transaction activity, products and services can impact their risk score.
What risk factors should you consider when assessing customer risk from a demographic/profile and relationships perspective?
In this webinar we discuss how to calculate risk ratings based on a entity’s profile and relationships.
Rather than being an impediment, anti-money laundering regulation and compliance are an opportunity for business growth.
Learn how to assess the risk associated with a PEP and when and how to conduct the appropriate amount of due diligence.
Learn the fundamentals of SWIFT messaging, payments and the underlying CBRs so you can more effectively monitor for and evaluate suspicious customer activity.
Learn the basics of this popular credit transfer service and pitfalls faced by compliance.
Filing Suspicious Activity Reports (SARs) is a key part of the financial business. However, optimizing these reports and making sure that supporting case reports are
Explore how financial institutions can take a risk-based approach to AML, KYC and BSA compliance when working with cryptocurrencies.
Read BSA/AML compliance requirements, ideas on how to tackle challenges and FinCEN’s proposed new rule and its expected impact on credit unions.
Recently a number of jurisdictions have either introduced new regulations or revised guidance for identifying and screening for politically exposed persons (PEPs) or Heads of International Organizations (HIOs). Read a short summary of what is new in the United States, Canada and Australia.
Dave Jevans, CipherTrace CEO, presents a complete primer for banks and financial institutions on how crypto transactions flow through the financial system, how crypto users and transactions evade detection and how to take a risk-based approach to this emerging financial instrument.
Learn about FinCEN/FATF’s red flags for virtual currency and how they can be applied to your AML compliance program.
Recently a number of jurisdictions have either introduced new regulations or revised guidance for identifying and screening for politically exposed persons (PEPs) or Heads of International Organizations (HIOs). Read a short summary of what is new in the United States, Canada and Australia.
Learn about the mechanics of wire transfers, both in the U.S. and globally, and how wire transfers differ from other types of money movement methods.
As the country’s financial intelligence unit (FIU), FinCEN releases a number of advisories, guidances and FAQs to help financial institutions meet their BSA compliance obligations. This article reviews some of the definitions and material provided by FinCEN for effective compliance to anti-money laundering regulations.
This article first provides a foundation for understanding OFAC and its mission to administer and enforce U.S. economic sanctions: what is the purpose of sanctions, how they come about, and OFAC’s Specially Designated Nationals and Blocked Persons List.
Learn about the fundamentals of what OFAC does and the purpose and categories of U.S. sanctions programs in place today.
Learn about FinCEN’s rules for CVCs and actionable steps within your screening and transaction monitoring processes that you can implement today to reduce your exposure to criminal actors using virtual assets.
Learn about the fundamentals as well as the proposed changes and nuances in implementation that may affect compliance to the rule.
Learn about the FinCEN Travel Rule and how to comply in special situations, including aggregated transfers, transfers for non-customers, and various originator name issues.
Read what is expected from the gaming and gambling industry and tips on how to meet compliance.
Learn how financial institutions can assist in the detection, prevention and reporting of illicit dark web transactions that may be flowing through your organization.
The U.S. Treasury’s Office of Foreign Assets Control (OFAC) has issued extensive guidance for financial institutions regarding what constitutes an effective sanctions compliance program.
The EU’s 6th Anti-Money Laundering Directive is now in effect for all member states. Read about the changes.
An anti-money laundering (AML) compliance program is an essential component of a financial institution’s compliance regime. The primary goal of every good program is to
Read what FATF recommends surrounding customer due diligence.
Learn how to effectively detect and monitor virtual currency-related customers and transactions within your financial institution.
Read FATF’s red flag indicators to help detect whether virtual assets are being used for criminal activity.
Learn more about how Alessa and Dow Jones can be used for PEPs, sanctions and watch list screening applications.
CDD is a fundamental component of an effective AML compliance program. Read what U.S. regulators expect.
Learn how the integration of CLEAR ID Confirm with the Alessa solution will make digital onboarding and customer reviews so much easier and reliable. Walk-through specific scenarios so you can see what data is available to you and how results can be incorporated into your AML compliance process.
Here is a sample of some of the cash reporting requirements for different jurisdictions.
Read these helpful red flag indicators to alert of potential money laundering activity in your casino.
Read about the different types of virtual assets and associated risks in order to do a proper risk assessment.
In this webinar, compliance leads at TransferWise discuss their experience in working with senior management on enhancing compliance programs.
Understand how virtual currencies are structured and how to take a risk-based approach to mitigate their risks.
Europol is warning that criminals are adapting their activities. See how compliance officers can adapt.
In this webinar suspicious activity monitoring programs are reviewed to determine what makes them effective or ineffective.
Learn how Alessa can enhance Know Your Customer (KYC) and Know Your Business (KYB) programs.
Sarah Beth Felix reviews the various types of higher risk customers, what makes them high risk, and methods for effective management.
Jurisdictions are adopting the Financial Action Task Force’s (FATF) focus on effective outcomes for developing an effective AML/CTF program
Answers to your questions from our recent webinar on managing monitoring rules in light of indictments
In a past presentation, Andrew Simpson, Chief Operating Officer, delivered key tips targeted to retail stores considering expansion into money services businesses (MSBs). His advice
We review strategies that allow for dynamic management of emerging typologies and risks within the transaction monitoring process.
Learn how to identify these high-risk customers during onboarding, what to look for during the relationship and potential red flags.
Politically exposed persons are officials who have a prominent public function, such as a political office or senior appointment.
Money Laundering is the process of “cleaning” the proceeds of criminal activity. Learn about the 3 stages.
The experts at Thomson Reuters review strategies that various types of FIs can deploy in order to accelerate their adoption of technology to support their onboarding and due diligence processes.
In the fight against financial crimes, today’s organizations must focus on building compliance programs that are increasingly driven by analytics. But how to start?
The experts at Alessa discuss how different automated processes can strengthen anti-money laundering (AML) processes.
In order to combat financial crime, banks, MSBs, credit unions, fintechs, payment providers and other types of financial institutions are required to develop and put in place an Anti-Money Laundering (AML) compliance program.
This guide offers MSBs insights into the current market and regulatory landscape, and how to build a comprehensive and effective AML program.
Regulatory reporting is a big piece of AML compliance. Find out how to automate the creation and filing of these in order to avoid non-compliance, fines and penalties.
Alessa provides all the anti-money laundering capabilities that banks, MSBs, FinTechs, casinos and other regulated industries need – all within one platform.
A comprehensive checklist for compliance teams, who are looking to implement or update their AML program.
Here are some frequently asked questions about money laundering using information from various sources including FATF, FinCEN, FINRA and FINTRAC, as well as our experts from Alessa
We break down the most common TBML techniques, including the Black Market Peso Exchange, over & under invoicing, and others, using real world case studies.
The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) has issued a special bulletin on their analysis of transaction reporting during COVID-19 pandemic.
Anti-money laundering (AML) is the process of combatting money laundering — where criminals work to make their illegal – or “dirty” – money look clean.
FIUs have responded to the current pandemic with warnings and guidance to help AML compliance teams. Here is what they say.
AML expert Laurie Kelly, CAMS follows-up with answered questions during her recent webinar on Understanding Money Laundering and Fraud Risks of Wire Transfers.
Transparency International’s Corruption Perceptions Index (CPI) shows Canada is the top ranked country in the Americas. However, the bad news is the ranking has dropped.
While the use of the cloud by businesses has grown extensively, there remain many pre-conceptions or myths about the use of this technology.
This webinar busts some of the myths around cloud adoption as well as share real-life stories of why financial institutions moved their compliance solution to the cloud.
In this white paper we review key areas that every financial institution should review to ensure that their sanctions screening software is working at its best.
The U.S. government is concerned that too many COVID-19 fraud cases are popping up as criminals find new ways to steal.
This webinar will review the steps in an effective EDD program, whether you are a financial institution or a corporation engaging with global suppliers.
RegTech can augment the fight against COVID-19. Read how these technologies will drive how compliance accesses data and systems.
COVID-19 is now one of the central themes in fraudulent activities according to banks and law enforcement agencies.
Read how a large retailer with thousands of stores in North America uses Alessa to comply with anti-money laundering (AML) regulations for its money transfer service.
The UK continues to crackdown on online casinos which has resulted in more £13.2m in fines this year.
Easy EDD Reports and more. Here is a summary of some of the most notable additions to the latest version of Alessa.
Should rules-based testing be completely abandoned (or become their poor second cousin) in favor of artificial intelligence, predictive analytics and machine learning?
Read about the role of a compliance officer, including typical duties and qualifications.
In this webinar get an overview of current corporate transparency regulations across various jurisdictions and the status of their implementation.
Read key regulatory developments already in force and what 2020/2021 will see in AML/ATF regulatory compliance in Canada.
In this webinar, we will reveal how to avoid some of the common pitfalls in the configuration and testing of screening programs.
Europe has strengthened the rules to fight money laundering with a new directive. Read about the changes in this blog.
Alessa can monitor financial transactions in real time, periodically or by events and using advanced analytics, detect suspicious or fraudulent transactions.
Alessa is a platform that integrates with core systems for real-time due diligence, transaction monitoring, sanctions screening and regulatory reporting capabilities.
Sanctions screening with Alessa protects organizations by identifying high-risk persons and businesses, then enabling them to manage the risk.
In this blog we explain why case reports are such an important tool for compliance teams and what are the sections of a good case report.
In this webinar we share a number of best practices that go along with SARs if they are to be an effective tool for both your FI and for law enforcement.
When combined, Alessa and World-Check offer customers the power to screen in real time during onboarding and for transactions to block potentially high-risk situations.
This webinar provides insightful advice on how to write SAR narratives that are both useful and meet FinCEN’s requirements.
In this webinar, we will discuss each type of virtual asset in the market, their relative traffic volume, and regulatory issues related to each one.
Learn how to assess and factor risk criteria such as regulatory, country, customer and services risks, strategies for increasing detection of real reportable activities and reducing false positives and time for investigations and more
Regulator brings in some sweeping changes in the ways Electronic Funds Transfers (EFTs) are done in Canada.
FIUs around the globe are adopting the United Nations’ goAML intelligence analysis system. What does this mean for AML compliance programs?
In this webinar, we will walk the audience through a systematic process that every financial institution should go through when evaluating the risks associated with
Canadian financial regulator has issued new guidance for when a suspicious transaction must be reported and how to submit STRs.
There are a number of new and exciting enhancements to assist in investigations and get more out of the solution.
The U.S. Office of the Comptroller of the Currency (OCC) says compliance risk related to BSA/AML remains high and poses a threat to the safety and soundness of the federal banking system.
This white paper looks at how to monitor and screen individuals, entities and transactions as well as best practices to optimize the results in order to avoid penalties and fines.
A CFATF Report has found that the Cayman Islands has a significant threat from foreign fraud, evasion of foreign taxes by non-residents and drug trafficking.
FinCEN is warning the casino industry that they must have an effective AML compliance program. Read the warnings and latest changes.
AI is expected to save the banking industry more than $1 trillion. But how to get started? This blog will review the phases for implementing AI for AML compliance.
Learn how to identify beneficial ownership; collect, store, manage and maintain beneficial ownership data and perform identity verification for beneficial owners.
Learn how to store, manage and document BO data and opportunities for enhanced transaction monitoring and customer risk scoring.
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.
In this webinar we review the recent Wolfsberg Guidance on Sanctions Screening and provide concrete actions that FIs can take to improve the effectiveness of their AML program.
In this webinar you will learn how data science is used to detect anomalies and how responses be used to prevent future suspicious transactions or false-positives.
This white paper looks at key processes respondent banks must have to strength their compliance programs and protect their correspondent relationships.
Read how this bank adopted sanctions screening, transaction monitoring, automated regulatory reporting and more to strengthen their AML program.
This webinar will examine data mining techniques that can be used to identify risk factors, monitor customer activity and provide insights in the business.
What do AI, machine learning and other terms really mean and how are they used to improve counter-fraud and AML strategies?
This webinar examines how advanced analytics models can be designed to detect anomalies, identify suspicious behavior, and protect MSBs and FinTech.
This webinar will look at how an effective transaction monitoring process can identify unusual transactions for further investigation, reporting and more.
This webinar will review the recent upgrades to our AML compliance solution including new features for those who e-file their regulatory reports.
This webinar will look at some of the recent features in our AML compliance solution, including addition of goAML and batch filing.
Read how this MSB has made AML compliance even easier by reducing the amount of time spent on investigating and filing regulatory reports.
Once upon a time MSBs like Western Union could be lax about fulfilling AML requirements. Oh, how times have changed.
This webinar reviews how to leverage people, processes and technology to grow their AML compliance programs to meet more than just regulatory requirements.
Customer risk ratings (CRR) was a hot topic at the ACAMS Conference that garnered many discussions both in and out of the plenary session.
Every customer you have represents a risk. But do you have the full picture to determine how much of a risk they really pose?
This webinar explores measures respondent banks should use to successfully build correspondent banking relationships.
In this webinar, our experts discuss the risks, legal requirements and established conventions when dealing with sanctioned entities.
This webinar describes how our solution eliminates the burden of AML regulatory reporting by auto-populating and validating reports and much more.
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