Financial Crime World

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AML Compliance Software Solutions for Liechtenstein Banks

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In the Principality of Liechtenstein, where banking and financial services are a significant sector, Anti-Money Laundering (AML) compliance has become a crucial aspect for institutions to maintain trust and integrity. With increasing complexity in transactions and evolving regulations, AML compliance can be overwhelming, especially with hundreds or thousands of false positives.

The Right AML Compliance Solution for Liechtenstein Banks

Alessa’s integrated platform offers a risk-based approach to AML compliance, simplifying the workload for financial institutions. Its real-time data collection and automation capabilities streamline all areas of compliance, automating time-consuming tasks, reducing false positives, providing daily updates on risky relationships, and keeping institutions up-to-date with changing regulations.

Key Features of Alessa’s AML Banking Solution

  • One Integrated Platform: Alessa provides seamless compliance functionality from the first red flag to the final regulatory report.
  • Expedited Results Through Automation: The platform streamlines tasks and processing, allowing businesses to automate any part or all of their compliance processes in a single platform.
  • Accelerate Onboarding: With real-time sanctions and watchlist screening and identity verification capabilities, Alessa enables quick onboarding of new customers while adhering to AML banking requirements.
  • Daily Update of Client Risk: Alessa provides a comprehensive daily update on client risk, highlighting clients whose risk scores have surpassed the organization’s risk threshold in the last 24 hours.
  • 360° View of Each Client: The platform offers a complete view of client information and activities, making suspicious activity easier to investigate and resolve.

Case Study: Alessa’s Success in Liechtenstein

“Vitesse is rapidly expanding its global footprint, building one of the largest domestic banking and payments networks in the world. Alessa will play an important role in helping us deliver efficient payments services to our clients, which include some of the largest insurers in the world, while ensuring we remain compliant with the evolving global regulatory landscape and industry best practice.” - Andy Gregson, Risk, Legal & Compliance Director of Vitesse.

Implement Alessa’s Integrated Bank Compliance Software Today

Book your complimentary demo of our AML software for banks today to see how Alessa can help automate and simplify your compliance processes.