Manual processes don’t work.
Increases in global transactions and the introduction of new currencies and technologies have resulted in a dramatic growth in regulatory reporting requirements.
Let’s break regulatory reporting down in terms of time and dollars:
- 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
Key Features
Automated Regulatory Reporting for FinCEN, FINTRAC and goAML
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.
Risk Scoring
Using data from various sources, Alessa allows you to develop a risk scoring model that matches your establishment’s risk tolerance so you can easily assess the risks of working with a patron. Alessa also reviews your establishment’s customer base and updates risk levels based on activity and third-party data.
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, etc., for related information to include in the current investigation.
Real-Time, Periodic, or Event-Based Monitoring
Using data from various sources, Alessa allows you to develop a risk scoring model that matches your establishment’s risk tolerance so you can easily assess the risks of working with a patron. Alessa also reviews your establishment’s customer base and updates risk levels based on activity and third-party data.
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.
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 less rejected reports.
Industries We Serve
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Transaction monitoring 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.
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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
