Payments firm with AML compliance program

AML Compliance
for Payment Firms

Moving at the speed of change

It’s time to be proactive. The payment processing industry is growing exponentially and is expected to surpass 146 billion by 2030.

 

This explosive growth has attracted both bad actors and the attention of regulators. Payment processors are included as part of the Enablers Act and compliance regulations will continue to increase in the future.

 

It’s time to invest in your AML compliance.

You need a powerful AML solution built to work for payment firms

Regulators and bank partners need you to provide safe, protected payment processes that meet or exceed compliance regulations. Customers expect you to do it with speed, accuracy, and no service disruptions.

 

Alessa is your best choice to meet the increasing requirements of regulators, maintain your good standing with bank partners and keep customers happy.  

 

Alessa understands your specific needs, especially for fast, efficient transaction monitoring and less false positives. We work with you to build the right compliance solution for your business without jeopardizing the customer experience.

 

The Alessa platform offers:

Alessa is designed to ensure your business is protected and your clients receive the highest level of service. Conduct real-time name screening during and after onboarding for compliance and assurance purposes.

 

With Alessa, you get assurance before the transaction takes place.

Alessa is highly accurate and flexible to help you stop suspicious transactions with less false positives. Alessa allows you to review suspicious transactions in real time including structuring, smurfing and flipping or out-of-compliance activities in real-time.

Our compliance solution uses OFAC, politically exposed persons (PEPs), sanctions watchlists, and internal lists, to provide a realistic assessment of the potential risks associated with an entity.

 

Alessa also periodically reviews your existing customer base and updates their risk level based on their activity as well as data from third-party lists.

Develop a risk scoring model that matches your establishment’s risk tolerance, so you can have a complete picture of each of your patrons.

 

Alessa offers both a robust library of risk factors, as well as the ability to build your own risk profiles, weights, scores, and aggregates that can be configured based on your specific business needs.

Automated regulatory reporting for currency transaction reports (CTRs), suspicious activity reports (SARs) and suspicious transaction reports (STRs). Alessa generates, validates and e-files in multiple jurisdictions.

 

Alessa also keeps your reporting requirements up to date, meaning you never have to worry about missing an update from a regulator again.

Automate workflows for easier investigations with our case management solution. Detecting potential AML risk is just half of what Alessa can do to help ease your compliance efforts. Alessa offers a highly automated case management solution that allows your team to collaborate better and get to resolutions quicker.

AML Transaction Monitoring for Payment processors

Make AML compliance the easiest part of your day. Book your free demo of Alessa’s AML compliance platform.

Schedule a free demo

See for yourself how Alessa can help your organization

Alessa provides a 100% commitment free demo to demonstrate the tools and features we provide.

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