Case Study: Large Retailing Company Achieves 100% Transaction Review and Faster AML Compliance with Alessa by Tier1 Financial Solutions

How a Retailer and Money Service Business uses Alessa for AML Compliance

Large Retailing Company, a large North American retailer with thousands of stores, needed a better way to meet anti-money laundering (AML) requirements for its money transfer service. The company needed help monitoring transactions across many locations, linking related parties for KYC purposes, and reducing manual effort for generating and storing CTRs and SARs. It turned to Alessa by Tier1 Financial Solutions for transaction monitoring, KYC analytics, and regulatory reporting.

Using Alessa, the retailer automated transaction monitoring, case management, and FinCEN reporting, with data from multiple sources consolidated for faster investigations. The solution reviewed 100% of transactions, cut alerts by 70%, improved alert accuracy by 80%, reduced case handling time by 60%, and increased compliance team efficiency by 60% by replacing manual data retrieval and report preparation.