AML Compliance for
Banks and Credit Unions
Protect your business and customers
Alessa is a powerful, automated platform designed to meet your specific regulatory needs.Purpose-built to meet bank requirements for anti-money laundering and fraud, Alessa gives your compliance team the right tools to stop financial crime before it impacts your business.
Your world is changing.
Bank and Credit Unions are more digital, more competitive, and being subjected to more regulations than ever before.
You are adapting to new currencies, new technologies, and new ways of doing business. You need an AML compliance solution that can help you do just that.
Alessa’s integrated platform is designed to support a risk-based approach to compliance while simplifying how you work. Our complete AML solution supports your compliance team by automating tasks and workflows to create more efficient processes and faster resolutions.
What we do
Our solution provides you with:
Know who you are doing business with. Due diligence in minutes – validate customer identity. Alessa’s AML compliance software integrates with your onboarding system to verify identities in real time.
Sanctions and Watch List Screening. Screening can be done in real-time, in batches or periodically.
Alessa uses sanction lists, OFAC, law enforcement, politically exposed persons (PEPs), adverse media, and internal high-risk lists to provide a realistic view of the potential risks associated with a customer.
You can also configure Alessa to review your existing customer database and update risk levels based on existing profiles, risks, and activities.
Real time or batch transaction monitoring. Alessa monitors every type of transaction, including cash deposits, wires, and checks, to detect suspicious activities. With this holistic view of your data, Alessa can accurately identify suspicious activities with less false positives.
Risk scoring you control. Develop a risk scoring model that matches your establishment’s risk tolerance, so you have a complete picture of each of your patrons. With Alessa, risk factors, weights, scores, and aggregates are all configurable and automatically reviewed periodically based on your establishment’s preferences.
Regulatory reports in minutes. With Alessa your regulatory reports (CATs, SARs and STRs) can be auto populated, validated, and electronically submitted across multiple jurisdictions, including with American and Canadian regulators.
Alessa also keeps your reporting requirements up to date, meaning you never have to worry about missing an update from a regulator again.
Make investigations easier 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.
Under the hood
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.
What Financial Institutions Need to Know about FinCEN’s Real Estate Geographic Targeting Orders (GTOs)
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.
A recorded webinar on how to optimize operations and solutions for transaction monitoring in the banking industry.