Financial Crime World

Alessa’s AML Screening Solution: Enhancing Compliance and Efficiency

Integrated Screening for Enhanced Compliance

Alessa offers an advanced Anti-Money Laundering (AML) screening solution designed to streamline your compliance processes. Their platform provides a comprehensive set of features, including:

  • On-demand, in real-time, batch, PEP scoring, AI insights from screening history, EDD plug-in: Screen clients on demand or in batches, utilizing advanced algorithms and real-time data to minimize the risk of money laundering and terrorist financing.
  • Daily Updates on Client Risk: Stay ahead of potential threats with daily updates on client risk, highlighting those whose risk scores have surpassed your organization’s threshold within the last 24 hours.

A 360° View of Each Client

Alessa’s solution provides a complete picture of each client, making it easier to investigate and resolve suspicious activities:

  • Complete view of client information and activities: Gather all relevant data in one place, streamlining your compliance efforts.
  • Expedited Processes and Results: Automate time-consuming tasks, freeing up resources for investigation and ensuring timely compliance.

Designed for Efficiency and Effectiveness

Alessa’s AML screening solution is tailored to meet the needs of companies that require continuous monitoring of new applicants during onboarding and existing clients for Sanctions, Watchlist, and PEP exposure. Key benefits include:

  • Reduced risk of money laundering and terrorist financing: Minimize the risk of illicit activities by leveraging advanced screening technology.
  • Improved compliance with regulatory requirements: Stay up-to-date with changing regulations and maintain a robust compliance framework.
  • Increased efficiency in the onboarding process: Streamline your onboarding processes, reducing the time and resources required to bring new clients on board.
  • Enhanced customer due diligence (CDD) capabilities: Conduct thorough CDD to ensure you have a deep understanding of your clients’ activities and risk profiles.
  • Better detection of suspicious transactions: Leverage AI-powered insights and real-time data to detect potential threats before they become major issues.

Reducing False Positives with Alessa’s Proprietary PEP Scoring Module

Alessa’s solution reduces false positives by at least 50% using their proprietary PEP Scoring module, ensuring you focus on genuine risks rather than wasting resources on unnecessary investigations.