Case Study: JMMB Group achieves stronger AML compliance and faster regulatory reporting with Alessa by Tier1 Financial Solutions

Using Alessa for AML Compliance

The JMMB Group, a leading Caribbean financial institution, needed a better way to monitor hundreds of thousands of transactions for suspicious activity and meet growing AML, KYC, and regulatory requirements. Using Alessa by Tier1 Financial Solutions, they moved beyond spreadsheets and manual reviews to address the complexity of widely distributed operations and time-consuming reporting.

Tier1 Financial Solutions implemented CaseWare AML Solution, now Alessa, to automate transaction monitoring, regulatory reporting, and workflow management across all locations. As a result, JMMB significantly reduced report preparation time from days to hours, improved data extraction and reporting accuracy, and gave its compliance team better tools to identify trends, mitigate risk, and manage investigations more efficiently.

The JMMB Group

Carolyn DaCosta

Company Secretary and Group Compliance Manager