Financial Crime World

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Effective AML Screening with Alessa’s Solution

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Alessa’s Anti-Money Laundering (AML) screening platform offers a cost-effective, highly reliable solution for organizations to screen new applicants during onboarding and continually monitor existing clients for Sanctions, Watchlist, and PEP exposure.

Key Features of the Platform

  • Low-cost, highly reliable solution: Alessa’s AML screening platform provides a cost-effective way to reduce the risk of financial crimes.
  • Configurable workflow: The platform allows organizations to configure their workflow to aggressively reduce false positives.
  • PEP Scoring module: Alessa’s proprietary PEP Scoring module reduces PEP-related false positives by at least 50%.
  • Integrated Screening: Alessa offers integrated screening capabilities, including:
    • On Demand
    • In real-time
    • Batch
    • PEP Scoring with AI insights from Screening History
  • EDD plug-in: The platform includes an EDD (Electronic Due Diligence) plug-in for Watchlists/Sanctions data in API or Datafile formats.
  • Daily Sanctions/Watchlist/PEP feed: Alessa provides a daily feed of Sanctions, Watchlist, and PEP information via datafile or API delivery method.

Benefits of Using Alessa’s AML Screening Platform

  • Reducing false positives: By using Alessa’s proprietary PEP Scoring module, organizations can reduce PEP-related false positives by at least 50%.
  • Enhanced risk management: The platform provides a comprehensive and daily update on client risk, highlighting clients whose risk scores have surpassed the organization’s risk threshold.
  • Streamlined processes: Alessa has streamlined and automated many of the time-consuming AML tasks, allowing organizations to focus on investigation and compliance.

Why Effective AML Screening Matters

Effective AML screening and risk management are critical in preventing financial crimes and ensuring regulatory compliance. By using Alessa’s AML screening platform, organizations can reduce their exposure to financial risks and maintain a strong reputation in the market.