Regulatory Reporting Software for MSBs
Automate your business's regulatory reporting
Regulatory reporting poses significant challenges for Money Services Businesses (MSBs), given the unique nature of their operations and customer interactions. These challenges combined with the fast-paced nature of MSB services like money transfers and currency exchanges, make regulatory reporting a critical yet daunting task.
Your MSB needs a solution that automates all aspects of the regulatory reporting process.
Alessa’s regulatory reporting solution is specifically designed for the unique needs of MSBs, offering seamless integration with existing systems to create and file comprehensive, fully automated reports. By automating the reporting process, Alessa enables organizations to:
- Automate the creation and submission of reports to regulatory bodies reducing manual efforts and risk of error
- Automatically adapt to new and evolving regulatory requirements
- Easily manage and track the reporting process from creation to submission
Effectively Manage Regulatory Reporting Requirements for Various Jurisdictions
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
Why MSBs Choose Alessa for Regulatory Reporting
Full Automation of Reporting Processes
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.
Automation of Workflows with Intuitive Dashboards for Easier Investigations
Alessa’s highly configurable workflow module streamlines collaborative case management and investigations. It also empowers investigators to search through a repository of alerts, cases, comments, and other related information to enhance ongoing investigations.
Dashboard and Audit Trails
Alessa records all actions taken in response to an alert, enabling the generation of comprehensive reports. These reports provide valuable insights into the effectiveness of the screening process and related investigations.
Scale with Ease
As your MSB grows, Alessa’s compliance solutions scale effortlessly, helping you manage increased reporting 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
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 business’s reports are automatically filled, validated and filed in minutes – saving you hours of manual entry and ensuring fewer rejected reports.
Industries We Serve
Integrated AML Compliance Software for MSBs
Our regulatory reporting software is just one module in the Alessa AML platform. It is powerful on its own, but when used in collaboration with our other modules, it can provide a complete end-to-end AML solution for the MSB industry.
Our various software solutions include:
AML Compliance Software for MSBs in a Single Platform
A complete AML compliance solution for MSBs on one integrated platform. Alessa provides seamless compliance functionality – from the first red flag to the final regulatory report.
A 360° View of
Client Risk
Alessa provides a comprehensive risk profile with daily updates, crucial for compliance professionals managing diverse customer types, activities and/or a large number of customers.
Identity Verification and KYC Compliance
Verify identities in real-time during onboarding, and conduct periodic and ongoing CDD for KYC and KYB processes. Alessa helps you to make informed decisions during and after onboarding, backed by reliable identity data and comprehensive sanctions intelligence.
Watchlist, PEP & Sanctions Screening
Implement a modern screening solution. With Alessa, pay only for the screening data you utilize, and reduce false positives with our proprietary PEP Scoring Model.
Configurable Risk Scoring
Every organization has a different risk appetite. Alessa offers a fully customizable risk model to support your unique customer due diligence and KYC requirements.
Transaction Monitoring
It is vital for MSBs to have a powerful transaction monitoring system in place that provides timely insights. Alessa allows your organization to conduct real-time, periodic and event-based transaction monitoring and screening based on your organization’s needs.
Enhanced Due Diligence (EDD)
Alessa’s enhanced due diligence software allows you to order enhanced due diligence reports directly from the application and delivers them in one-third of the time for one-third of the average industry price.
AML Case Management
Streamline investigations with Alessa’s automated case management, enhancing operational efficiency for your business.
Schedule a Free Demo
Create a more comprehensive client profile for better risk management with Alessa.
Book your complimentary demo of our regulatory reporting software for MSBs today.
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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
Alessa