Surfacing suspicious activity or entities is just the beginning of your AML compliance process. Reviewing, investigating, and determining if a transaction is criminal activity is a critical part of financial crime due diligence.
A good case management solution helps you make the right decisions about suspicious activity. A great case management solution helps you do it faster and easier. It should also save you time, money and resources.
The Alessa Difference
The five key elements that makes the Alessa case management module work better for your compliance team are:
Alessa uses decision learning to continuously refine and advance alert management, leading to better results and less false positives. Alert thresholds and parameters are configurable to your specific business needs.
Streamlined for powerful efficiency. With Alessa, workflows are automated for fast, seamless case investigation, escalation and resolution. You also have the ability to design and structure the workflows that work for your team.
Collaboration across the business. Getting the information to the right people on your team or across the organization is critical to successful case management in AML compliance. Alessa is built for collaboration, communication and team-based processes.
Clear, concise dashboards. Alessa’s industry-leading visualization tools means you have greater insights into all compliance activity in your organization. You also have on-demand access to reports and information required for audits.
Flexible, custom workflows. Permissions can be set for accessing, creating, or deleting resources. You can also define user and role access rights to platform features and resources down to the data point level.
A typical alert journey in Alessa
- A suspicious transaction is detected in real-time and an alert is created
- The alert is assessed by your organizations screening criteria and assigned to a compliance team member
- The transaction is reviewed and confirmed as suspicious, and an investigation begins
- If applicable, the alert can be escalated to a manager or other team members
- Compliance manager uncovers a second alert, that becomes grouped with this new alert and a case is created for reporting
- Within Alessa, a case is created and automatically filed to the regulatory body
- The CAMLO is immediately notified of this activity and their dashboard is updated
Alessa helped resolve this alert in less than 2 hours.
Industries we serve
Schedule a free demo
Alessa can help you make the right decisions about suspicious activity faster and easier.
Book your complimentary demo of our AML platform to learn more.
Latest Insights
ACAMS Hollywood Conference
Join us at ACAMS Hollywood to learn how Alessa can help make AML compliance easier.
The FATF Grey List and Black List: An Overview
An overview of the FATF grey list and black list and why they are important for compliance professionals.
Banking Regulatory Compliance Checklist: All You Need to Know
View a regulatory compliance checklist for compliance professionals working in the banking industry.
How Does Automated Transaction Monitoring Work?
Automated transaction monitoring reduces risk and expedites AML compliance. Learn what automated transaction monitoring is and how it works.
What is Enhanced Due Diligence (EDD)?
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?
Payment Fraud Explained
An overview of payment fraud and ways your business can detect and prevent it.
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
