Watchlist, PEP and Sanctions Screening Software
Transform your approach to sanctions screening
with Alessa
Transform your approach to sanctions screening with Alessa
Which Screening Solution is Best for Your Business?
We look up names of people and companies to check for Watchlist, Sanctions and PEP risk. We don’t currently do any continual monitoring of existing clients, partners or vendors. We simply type in names to research.
Basic Screening
On Demand, Up to 10K Unique Names, Standard Audit Report
We look up names of people and companies to check for Watchlist, Sanctions and PEP risk. We also may need real-time screening for the new applicants we are onboarding. We currently do, or are considering, doing continual monitoring of our existing clients, partners or vendors.
Standard Screening
On Demand, in real-time, Batch, PEP Scoring, AI insights from Screening History, EDD plug-in
We currently screen over 500,000 unique clients, partners or vendors annually for Watchlist, Sanctions or PEP risk during onboarding or on a continual basis for existing clients. We also screen, or are considering screening, a high volume of payments or transactions for Sanctions risk. We either have a current screening platform that we want to keep, or we are considering looking at a new platform.
Integrated Screening
On Demand, in real-time, Batch, PEP Scoring, AI insights from Screening History, EDD plug-in Watchlists/Sanctions data in API or Datafile formats
Which Screening Solution is Best for Your Business?
Standard Screening
Integrated Screening
AI insights from Screening History, EDD plug-in
Watchlists/Sanctions data in API or Datafile formats
For companies that need a low cost, highly reliable solution for typing in the names of people and companies to look for possible Sanctions, Watchlist or PEP risk.
Perform between 100 – 10,000 unique name searches annually.
You will also have a screening audit report to record all your searches.
For companies that need a low cost, highly reliable solution that helps screen new applicants during onboarding, and continually monitors existing clients for Sanctions, Watchlist and PEP exposure.
Provides a configurable workflow to help aggressively reduce false positives. Comes with our proprietary PEP Scoring module, so that your PEP-related false positives are reduced by at least 50%.
For companies that screen a high volume of clients, partners and vendors for Sanctions, Watchlist and PEP exposure. In addition, you may also screen payments and transactions for Sanctions exposure.
Provides daily Sanctions/Watchlist/PEP feed via datafile or API delivery method, to be ingested into your current screening platform.
- Can include Alessa’s proprietary PEP Scoring module, to reduce PEP-related false positives by at least 50%
Complying with sanctions screening requirements can be complex and costly. You need access to updated lists, procedures in place for ongoing screening (including PEPs) and the ability to easily investigate, remediate and report suspicious activity.
Alessa’s powerful screening solution allows you to:
- Avoid risky relationships while saving money on your screening data costs
- Reduce false positives with our new PEP scoring model
- Leverage Screening Intelligence Dashboards to proactively identify efficiency gains
Select Your Industry
Key Features
Access to Verified and Relevant Lists
Alessa provides clients access to accurate and timely global coverage of PEPs, watchlists and sanctions to make it easier for you to perform due diligence, comply with regulatory mandates and better manage risks.
- Global Sanctions
- Sanctions Control and Ownership
- Politically Exposed Persons
- Watchlists
- Adverse Media (For individuals)
Real-Time, Periodic, or Event-Based Screening
Alessa lets you identify high-risk persons and businesses, helping you to better manage risky relationships and ensure compliance. Entities can be screened in three ways:
- On-demand screening allows users to evaluate the risk of an entity by entering their information
- Scheduled periodic assessments promptly identify changes in risk profiles for the entire customer base
- Real-time screening allows onboarding and transaction screening systems to assess the risk of an entity, including third parties, in real-time
Monitor for Crypto Exposure
Quickly determine your crypto exposure. Powered by industry leading crypto data providers, Alessa allows you to risk rate your customers’ wallets and risk score virtual asset service providers against a comprehensive list of over 600 crypto exchanges.
Machine Learning and Rules-Based Analytics
Alessa uses machine learning and rules-based advanced analytics to help you detect suspicious transactions that are out of character or exceed the risk tolerance of your organization.
PEP Scoring
Dramatically reduce your PEP-related false positives with Alessa’s proprietary PEP scoring solution. Working with an Alessa analyst, you will create a PEP scoring model based on your organization’s risk tolerance, taking into consideration multiple factors such as location, alert type and the PEP’s connections etc.
Real-Time Transaction Screening for Sanctions Exposure
Alessa analyzes all entities involved in a payment transaction (wires, SWIFT, Interac, ACH, CHAPS, etc.) and screens them against infraction lists to determine if one or more parties are a match. This process takes place in real-time, allowing for interdiction if necessary.
Workflows and Case Management for Flagged Transactions
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.
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.
Insightful Watchlist and Sanctions Screening Software
Alessa uses current sanction lists, OFAC, law enforcement, PEPs, adverse media, crypto, and your own internal high-risk lists to provide expansive insights into the risks associated with any customer or entity.
How Does Our PEP Scoring Work?
It’s simple.
Each night Alessa runs your client list against the latest PEP lists and assigns an updated risk score to any PEP in your database. The PEPs whose scores surpass your organization’s risk tolerance are then highlighted and brought to your team’s attention for investigation.
Alessa can either auto-resolve low and/or medium risk PEP alerts or create a separate work queue for lower risk alerts based on your organization’s risk preference.
It’s simple.
Each night Alessa runs your client list against the latest PEP lists and assigns an updated risk score to any PEP in your database. The PEPs whose scores surpass your organization’s risk tolerance are then highlighted and brought to your team’s attention for investigation.
Alessa can either auto-resolve low and/or medium risk PEP alerts or create a separate work queue for lower risk alerts based on your organization’s risk preference.
How Are PEP Risk Scores Calculated?
Our proprietary scoring model analyzes:
- Geography
- Type of PEP
- Riskiness of connections
- Type of alert categories they fall into
- Key data points
Your Annual Savings
PEP Analysis
Alessa re-analyzes and places a risk score on all PEP records every night.
PEP Score
After analysis, PEPs are categorized into High Risk, Medium Risk or Low Risk categories.
Auto-Resolve
Based on your organization's risk appetite, configure Alessa to auto-resolve medium risk and/or low risk PEPs.
Review
Review non auto-resolved PEPs that have been identified to pose high risk to your business.
PEP Analysis
Alessa re-analyzes and places a risk score on all PEP records every night.
PEP Score
After analysis, PEPs are categorized into High Risk, Medium Risk or Low Risk categories.
Auto-Resolve
Based on your organization's risk appetite, configure Alessa to auto-resolve medium risk and/or low risk PEPs.
Review
Review non auto-resolved PEPs that have been identified to pose high risk to your business.
Industries We Serve
Schedule a Free Demo
Learn how Alessa can help you avoid risky relationships.
Book your complimentary demo and see our sanctions and watchlist screening solution in action.
Frequently Asked Questions
Alessa currently supports sanctions and watchlist data from Rzolut, World-Check, and Dow Jones. This data can also be scored using Alessa’s risk scoring module or any third-party screening platform of your choice.
Yes, Alessa’s scoring of PEP data can be used to improve any screening solution your organization currently utilizes. It is, however, especially effective when paired with Alessa’s various screening products that offer additional benefits.
Our sanctions records are updated within 24 business hours of a change to a global Watchlist. This ensures that you receive timely updates without paying a premium.
Alessa assigns new High, Medium, and Low PEP risk scores to every PEP in the database on a nightly basis. Every day, new PEP records are either added or updated to the third-party databases.
The number of people and companies on a global Watchlist is actually quite small, typically making up only about 2-3% of a traditional Watchlist provider’s database. The Watchlist data that comes with the standard Alessa package is on par with the Watchlist data that the big, traditional data providers offer. The data is derived from government or organizational lists that are published every day and updated within 24 business hours.
Alessa’s provider of global PEPs boasts over 2 million PEP profiles, ensuring comprehensive coverage. While some traditional providers include additional records for environmental and non-financial crimes, most clients do not require these for standard screening processes.
The Alessa Screening module helps reduce false positives by allowing the Admin to configure key data points, such as the lists you want to screen and the types of PEPs you want to review. By configuring additional data points such as the name match strength, the date of birth match, and the geographical location, you can aggressively reduce false positives with Alessa.
Additionally, Alessa offers PEP scoring, so that clients can weight various data points for all PEP profiles, ensuring only high-risk PEPs are screened routinely. This streamlines your team’s workflow and significantly reduces false positives.
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.
Why Choose Alessa's Sanctions Screening Solution?
Reduce Screening False Positives and Negatives
Sanctions list matches are given a confidence score, and alerts are triggered above a customizable confidence threshold, reducing the time your team spends chasing false positives while enhancing the reliability of your sanctions compliance process.
Our sanctions screening software uses AI to ensure accuracy, including natural language processing, neural networks, Markov models, transliteration rules, and word-embedding vectors.
Reduce Screening False Positives and Negatives
Sanctions list matches are given a confidence score, and alerts are triggered above a customizable confidence threshold, reducing the time your team spends chasing false positives while enhancing the reliability of your sanctions compliance process.
Our sanctions screening software uses AI to ensure accuracy, including natural language processing, neural networks, Markov models, transliteration rules, and word-embedding vectors.
Streamline KYC and CDD Processes
Alessa’s on-demand sanctions screening automatically checks customer data against the latest global sanctions lists and other data sources. We flag high-risk customers and generate comprehensive sanctions reports, giving your compliance team the information to make accurate decisions.
Alessa minimizes sanctions compliance risk with on-demand sanctions, PEP, and adverse media screening while reducing investigation and compliance costs.
Streamline KYC and CDD Processes
Alessa’s on-demand sanctions screening automatically checks customer data against the latest global sanctions lists and other data sources. We flag high-risk customers and generate comprehensive sanctions reports, giving your compliance team the information to make accurate decisions.
Alessa minimizes sanctions compliance risk with on-demand sanctions, PEP, and adverse media screening while reducing investigation and compliance costs.
Quickly Triage Sanctions Watchlist Matches
Alessa provides detailed information for each potential match, including aliases, biographies, nationalities, dates of birth, contact information, networks of connections, timelines of significant incidents, and more, depending on the data source.
Investigators have the context they need to make quick, informed decisions. Every action is recorded to support future investigations.
Quickly Triage Sanctions Watchlist Matches
Alessa provides detailed information for each potential match, including aliases, biographies, nationalities, dates of birth, contact information, networks of connections, timelines of significant incidents, and more, depending on the data source.
Investigators have the context they need to make quick, informed decisions. Every action is recorded to support future investigations.
Screen for Sanctions Compliance Risks Across the Customer Lifecycle
Alessa’s sanctions screening software ensures compliance throughout the customer lifecycle with real-time, periodic, event-based, and on-demand sanctions checks. Our comprehensive approach adapts to your needs at every stage, from onboarding to ongoing transaction monitoring, allowing for consistent risk assessments.
Screen for Sanctions Compliance Risks Across the Customer Lifecycle
Alessa’s sanctions screening software ensures compliance throughout the customer lifecycle with real-time, periodic, event-based, and on-demand sanctions checks. Our comprehensive approach adapts to your needs at every stage, from onboarding to ongoing transaction monitoring, allowing for consistent risk assessments.
Leverage Workflow Automation for Sanctions Investigations
Alessa’s user-friendly drag-and-drop workflow module allows compliance teams to tailor workflows to their organization’s needs, including setting response times, outlining escalation steps, and requiring specific information, such as comments, attachments, and root cause indicators.
Decisions are communicated instantly to integrated systems, enabling real-time responses, whether proceeding with customer and vendor onboarding, blocking, or releasing transactions.
Leverage Workflow Automation for Sanctions Investigations
Alessa’s user-friendly drag-and-drop workflow module allows compliance teams to tailor workflows to their organization’s needs, including setting response times, outlining escalation steps, and requiring specific information, such as comments, attachments, and root cause indicators.
Decisions are communicated instantly to integrated systems, enabling real-time responses, whether proceeding with customer and vendor onboarding, blocking, or releasing transactions.
Choose a Solution That Best Fits Your Screening Needs
For companies that need a low cost, highly reliable solution for typing in the names of people and companies to look for possible Sanctions, Watchlist or PEP risk.
Perform between 100 – 10,000 unique name searches annually.
You will also have a screening audit report to record all your searches.
Standard Screening
For companies that need a low cost, highly reliable solution that helps screen new applicants during onboarding, and continually monitors existing clients for Sanctions, Watchlist and PEP exposure.
Provides a configurable workflow to help aggressively reduce false positives. Comes with our proprietary PEP Scoring module, so that your PEP-related false positives are reduced by at least 50%.
Integrated Screening
AI insights from Screening History, EDD plug-in
Watchlists/Sanctions data in API or Datafile formats
For companies that screen a high volume of clients, partners and vendors for Sanctions, Watchlist and PEP exposure. In addition, you may also screen payments and transactions for Sanctions exposure.
Provides daily Sanctions/Watchlist/PEP feed via datafile or API delivery method, to be ingested into your current screening platform.
- Can include Alessa’s proprietary PEP Scoring module, to reduce PEP-related false positives by at least 50%
We look up names of people and companies to check for Watchlist, Sanctions and PEP risk. We don’t currently do any continual monitoring of existing clients, partners or vendors. We simply type in names to research.
Basic Screening
On Demand, Up to 10K Unique Names, Standard Audit Report
We look up names of people and companies to check for Watchlist, Sanctions and PEP risk. We also may need real-time screening for the new applicants we are onboarding. We currently do, or are considering, doing continual monitoring of our existing clients, partners or vendors.
Standard Screening
On Demand, in real-time, Batch, PEP Scoring, AI insights from Screening History, EDD plug-in
We currently screen over 500,000 unique clients, partners or vendors annually for Watchlist, Sanctions or PEP risk during onboarding or on a continual basis for existing clients. We also screen, or are considering screening, a high volume of payments or transactions for Sanctions risk. We either have a current screening platform that we want to keep, or we are considering looking at a new platform.
Integrated Screening
On Demand, in real-time, Batch, PEP Scoring, AI insights from Screening History, EDD plug-in Watchlists/Sanctions data in API or Datafile formats
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Watchlist and sanction screening is one solution in Alessa’s integrated AML platform. It is powerful on its own, but when used in collaboration with our KYC, transaction monitoring, case management, risk scoring and regulatory reporting 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.
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Alessa & RZOLUT
Discover how the Alessa and RZOLUT partnership delivers seamless compliance functionality from IDV to automated regulatory reporting.
Risk Scoring Module
Learn how Alessa’s risk scoring module can strengthen your establishment’s AML compliance program by providing a full view of client risk.
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
