crypto sanctions screening software in use

Watchlist, PEP and Sanctions Screening Software for Crypto Exchanges

Implement a modern screening solution

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 Crypto Businesses?

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
Learn More
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
Learn More
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
Learn More
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.

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.

 

Learn More

Perform between 100 – 10,000 unique name searches annually.

 

You will also have a screening audit report to record all your searches.

 

Learn More

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.

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.

 

Learn More

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%.

 

Learn More

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.

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.

 

Learn More

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%

 

Learn More

As the cryptocurrency market continues to expand, the importance of robust compliance mechanisms cannot be overstated. Sanctions screening is a critical component of anti-money laundering (AML) compliance, ensuring that crypto businesses do not inadvertently facilitate financial crimes or breach international regulations.

 

Effective and adaptable sanctions screening solutions are essential for maintaining the integrity of financial transactions within the crypto space and adhering to constantly changing global compliance standards.

 

Alessa provides a specialized sanctions screening solution designed to meet the unique challenges faced by crypto businesses. This integration offers seamless, real-time capabilities that empower your exchange 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

Why Crypto Firms Choose Alessa for Sanctions Screening

Access to the Latest Global Sanctions, Watchlists and PEP Lists

Powered by RZOLUT, Alessa utilizes global sanctions lists, politically exposed persons (PEP) lists, internal lists, adverse media and watchlists, all updated daily, to ensure your screening program is populated with the latest, most accurate data. Alessa’s full coverage and timely updates give crypto businesses assurance that they are not conducting business with risky entities.

Real-Time and Periodic Screening

With Alessa, entities can be screened in three ways: real-time, periodically or on-demand. Real-time sanctions screening is ideal for onboarding and verification processes that require an immediate response. Periodic screening allows you to screen or re-screen any number of customers on a schedule or in response to changing information. Your compliance team can also run on-demand screening whenever necessary.

A Proprietary PEP Scoring Model That Reduces False Positives

Our proprietary PEP Scoring Model categorizes, and scores matches, allowing you to focus on high-risk PEPs. Medium and low-risk PEPs can be auto-resolved or placed in a workflow for your manual review. On average, our proprietary model reduces PEP-related workload by as much as 50% each day. Reducing the time spent on false positives allows your Compliance Team to concentrate on other compliance areas.

Reduced Sanctions and PEP Screening Costs

Pay only for the screening data you use. We won’t charge you for bundled sanctions lists that aren’t relevant to your screening needs. We provide a targeted, cost-effective screening solution that saves your exchange up to 40% compared to other screening data providers.

Ongoing Support and Expertise

With Alessa, benefit from continuous expert guidance and ongoing support. Our Support Team helps to ensure your AML program remains robust and compliant.

Insightful Watchlist and Sanctions Screening Software for Crypto Exchanges

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:

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 crypto sanctions and watchlist screening software in action.

Choose a Solution That Best Fits Your Screening Needs

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
Learn More
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.

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.

 

Learn More

Perform between 100 – 10,000 unique name searches annually.

You will also have a screening audit report to record all your searches.

 

Learn More

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
Learn More
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.

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.

 

Learn More

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%.

 

Learn More

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
Learn More
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.

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.

 

Learn More

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%

 

Learn More

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

An Integrated AML Compliance Solution for Crypto Businesses

Need more than just a sanctions screening software solution? We offer a fully integrated AML software that assists with all areas of compliance. The full  Alessa platform not only facilitates a risk-based approach to compliance but also streamlines workflows by automating complex compliance tasks, reducing false positives, and delivering timely regulatory updates. This empowers crypto businesses to fulfill their AML obligations effectively and efficiently.

Integrated AML Software for Crypto Exchanges

A complete AML compliance solution for crypto businesses on one integrated platform. Alessa provides seamless compliance functionality – from the first red flag to the final regulatory report.

360° View of Client Risk

Alessa provides a comprehensive risk profile for each of your clients, making it easier to investigate and resolve suspicious activity.

Identity Verification and KYC Compliance for MSBs

Alessa integrates with your onboarding system to verify identities in real-time which means you can complete due diligence in minutes, validate customers faster and protect your organization.

Transaction Monitoring

Alessa allows you to monitor every type of transaction, traditional and digital, including well-known money laundering scenarios to quickly detect any suspicious movement of funds.

Custom Risk Scoring

Risk scoring with Alessa is simple. Configure the risk factors, weights, scores, and aggregates based on your organization’s specific needs, and be alerted when a client surpasses your risk threshold.

Regulatory Reporting

Automated, accurate reporting by Alessa ensures your organization meets regulatory demands with confidence and ease. Alessa auto-populates, validates, and submits regulatory reports, including reports for FinCEN, FINTRAC, and numerous other regulatory environments.

Enhanced Due Diligence

A solution that streamlines EDD reporting. With Alessa, order EDD reports directly from the application and, receive them in ⅓ of the time at ⅓ of the average industry price.

AML Case Management

Alessa provides highly automated workflows to streamline investigations and ensure collaboration across the team and firm.

Latest Insights

AML geographic risk

Assessing AML Geographic Risk

Learn more about a methodology used by financial institutions on how to interpret an AML country risk rating assessment.

The NS-CMIC List

NS-CMIC List: An Overview

Learn about the NS-CMIC List, the U.S. sanctions targeting Chinese military-industrial complex companies, and the compliance obligations for U.S. persons.

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

Please fill out the form to access the webinar: