Tag: Alessa

A recent post by Alessa has detailed what the Office of Foreign Assets Control Specially Designated Nationals and Blocked Persons List is.

Banks, money services businesses, and other financial institutions are bound by U.S. laws to establish anti-money laundering (AML) procedures. Implementing identity verification, regulatory reporting, and risk management can be intricate, lengthy, and costly.

Financial institutions often fall prey to money launderers who exploit these platforms to funnel, mask, transfer, and cleanse ill-gotten gains. This doesn’t just endanger the specific institution but imperils the credibility of the entire financial system.

Chargeback fraud, an ever-present issue affecting businesses of all kinds and sizes, results in losses totalling to billions annually. The surge in eCommerce has coincided with an increase in such fraudulent activities, and this alarming trend is expected to continue.

Adverse media screening has become an integral component in the finance industry, especially in relation to Anti-Money Laundering (AML) compliance. RegTech company Alessa recently...

The introduction of GenAI has recently brought wide-ranging and disruptive change to a vast range of industries.

In a recent post by Alessa, the firm outlined the role of AML audits in enhancing regulatory compliance at companies. 

Non-fungible tokens (NFTs) massively came onto the global financial scene last year, with celebrities the world over purchasing a stake in the growing trend.

Alessa, a leading provider of Anti-Money Laundering and Fraud solutions, has appointed Jeff Woods as senior vice president of sales.

Anti-money laundering and fraud solution provider Alessa has named Holly Sais Phillippi as its new chief executive officer.