employee using regulatory reporting software

AML Regulatory Reporting

Automation where you need it most

 

 

 

 

 

 

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. 

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-Baed 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

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