Manual processes don’t work.
Increases in global transactions and the introduction of new currencies and technologies have resulted in a dramatic growth regulatory reporting requirements.
Regulatory reports are time-consuming and labor-intensive:
- There are 500 fields on a FinCEN SAR and 200 fields on a CTR
- Manually completing a report takes an average of 90 minutes
- Conservatively, an organization files 150 reports a week, which is 225 hours of work per week or 6 full-time employees
Effectively Manage Your Regulatory Reporting Requirements
Alessa helps to make regulatory reporting manageable by automating 70-100% of these reports.
- Currency Transaction Reports
- Suspicious Activity Reports
- Form 8300
Large Cash Transaction Reports
Suspicious Transaction Reports
Casino Disbursement Reports
Large Virtual Currency Transaction Reports
Non-SWIFT Electronic Funds Transfer – Incoming
SWIFT Electronic Funds Transfer – Outgoing
SWIFT Electronic Funds Transfer – Incoming
Authorized Disclosure Reports
Suspicious Activity Reports
Suspicious Transaction Reports
Threshold Transaction Reports
- Suspicious Transaction Reports
- Suspicious Transaction Reports
- Currency Transaction Reports
- Suspicious Transaction Reports
- Suspicious Transaction Reports
- Currency Transaction Reports
Suspicious Transaction Reports
Forex Suspicious Transaction Reports
Forex Covered Transaction Reports
Covered Transaction Reports
Select Your Industry
Key Features
Fully Automate the Regulatory Reporting Process
Moving from manual to automated reporting can save your team hours each week. With Alessa, your regulatory reports (SARs, CTRs, STRs and LCTRs) can be auto-populated, validated and electronically submitted across multiple jurisdictions.
Automated Workflows and Intuitive Dashboards for Easier Investigations
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 and 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.
Scale With Ease
As your organization grows, Alessa’s compliance solutions scale effortlessly, helping you manage increased reporting workloads and requirements. Powered by machine learning, Alessa continuously adapts and grows to identify increasingly complex business-specific patterns as more data is processed.
Ongoing Support and Expertise
With Alessa, you’ll benefit from continuous expert guidance and ongoing support. Our Support Team helps to ensure your AML program remains robust and compliant.
Regulatory Reporting Software:
Filing Done in Minutes
Regulatory reporting can be the most time-consuming task you have, but it’s also one of the most important. With Alessa, your reports are automatically filled, validated and filed in minutes – saving you hours of manual entry and ensuring fewer rejected reports.
Frequently Asked Questions
Yes, Alessa offers automated regulatory reporting. Our AML Compliance solution supports goAML reporting, an integrated database and intelligence system designed to collect, analyze, report and manage potential money laundering and terrorist financing incidents.
This feature helps financial institutions increase the accuracy, consistency and traceability of their regulatory reporting filings while reducing compliance costs.
Yes, Alessa can automate SAR Narrative writing. It provides Compliance users with a predefined, templated narrative that can be dynamically generated by leveraging known data points such as covered transaction(s) amount(s), date(s), customer name, locations, etc. and populates them in the right places within that narrative text.
Users can also make edits, modify or remove sections as they see fit before generating the final report.
The data pertaining to customers is securely stored at the database level within Alessa’s infrastructure. This means the data is housed wherever the Alessa instance is deployed, offering flexibility in deployment options. Whether it’s on Azure for comprehensive cloud-based deployments or within our client’s dedicated data center for hybrid deployment, Alessa ensures customer data is safeguarded and accessible in accordance with the chosen deployment strategy.
This approach not only provides a robust storage solution but also allows for a tailored implementation that aligns with the specific needs and preferences of our clients.
No, Alessa is designed to be user-friendly and minimize the workload for your IT team. Our world-class team and partners provide support to help you navigate data sources, partners and compliance requirements. We house highly skilled and trained professionals for implementation and deployment, along with a dedicated Account Manager.
Our goal is to ensure a seamless experience for our clients and minimize the burden on your IT team.
Industries We Serve
You May Also Like
Regulatory reporting is one solution in Alessa’s integrated AML platform. It is powerful on its own, but when used in collaboration with our KYC, sanctions screening, case management, risk scoring and transaction monitoring solutions, you’ll benefit from:
Daily Updates on Client Risk
Alessa provides you with a comprehensive and daily update on client risk, highlighting clients whose risk scores have surpassed your organization’s risk threshold in the last 24-hours.
A 360° View of Each Client
Alessa 360° provides a complete view of client information and activities, making suspicious activity easier to investigate and resolve.
Expedited Processes and Results
We've streamlined and automated many of the time-consuming AML tasks so you can focus on investigation and the next steps to help keep your establishment compliant.
Schedule a Free Demo
Automate up to 100% of your reporting requirements with Alessa.
Book your complimentary demo of our Regulatory Reporting Software to learn more.
Latest Insights
AML False Positive Reduction: A Comprehensive Checklist
Discover practical tips to effectively reduce AML false positives. Streamline your processes and enhance compliance. Read the comprehensive checklist now!
Securities Fraud Prevention
Discover essential strategies to effectively prevent securities fraud. Learn practical steps to protect your investments and ensure compliance.
Key Trends Shaping AML Compliance Strategies for 2025
View a webinar playback of an in-depth discussion of AML compliance trends in 2025. This webinar delves into the topics uncovered in our recent trends report.
AML Compliance Trends in 2025: Key Insights and Industry Shifts
An in-depth whitepaper delving into 2025 AML compliance trends, uncovered by surveys and interviews with industry experts and professionals.
New Brazilian AML Regulations for the Gaming Industry
Discover Brazil’s new AML regulation for gaming, key requirements, and how operators can ensure compliance and thrive in this growing market.
Enhanced Due Diligence Requirements: What You Need to Know
Discover best practices for enhanced due diligence to ensure compliance and mitigate risks. Read the article for practical insights and strategies.
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