Financial Crime World

Here is the rewritten article in Markdown format:

Blockchain Anti-Money Laundering Solutions Gain Traction in Malawi Amid Regulatory Crackdown

LILONGWE, MALAWI - As the global financial landscape becomes increasingly digital, anti-money laundering (AML) solutions powered by blockchain technology are gaining traction in Malawi. The country’s financial authorities have been cracking down on illicit activities, prompting compliance professionals to seek innovative ways to stay ahead of the curve.

Staying Ahead of the Curve with Alessa

Malawian companies are turning to Alessa, a world-class AML solution provider, to integrate cryptocurrency intelligence data from industry-leading data providers. This cutting-edge technology enables them to identify, monitor, and report suspicious activity involving virtual asset-related transactions in real-time.

Key Features

  • Daily Update Feature: Provides compliance professionals with a comprehensive risk assessment of their clients, flagging those whose risk scores have exceeded the organization’s threshold in the last 24 hours.
  • Real-Time Insights: Screens receivers and senders in real-time to ensure that businesses are not dealing with sanctioned or high-risk entities without compromising client experience.

Ongoing Expert Support

Alessa’s commitment to ongoing expert support is also a major draw for Malawian companies. From the initial consultation with risk experts to ongoing support from account managers and a dedicated support team, Alessa helps organizations strengthen and streamline their AML programs.

Additional Features

  • Identity Verification: Conducts identity verification and crypto KYC processes.
  • Crypto Exchange Tracking: Tracks accounts associated with peer-to-peer crypto exchanges and virtual currency kiosks.
  • Cross-Reference: Cross-references contact information of small VASPs with customer records to flag suspicious activities.

Conclusion

As Malawi’s financial sector continues to grow, it is clear that blockchain-based AML solutions like Alessa will play a vital role in maintaining transparency and combating illicit activities. With its cutting-edge technology and commitment to customer support, Alessa is poised to become the go-to AML solution provider for Malawian businesses looking to stay ahead of the curve.