Case Study: Alpha Bank achieves centralized AML compliance and stronger anti-money-laundering controls with FICO TONBELLER's Siron Compliance Solutions

A holistic approach to financial crime prevention at Alpha Bank

Alpha Bank, a leading Greek banking group with subsidiaries across Southeast Europe, needed a centralized, scalable way to combat money laundering and terrorist financing while meeting evolving national and international regulations. The bank faced technical and operational challenges including divergent local central bank controls, different character sets and message formats, time zones and cultural differences across countries that all had to be integrated into a unified compliance framework.

Alpha Bank selected FICO TONBELLER’s Siron® compliance suite (Embargo, AML, RAS, KYC, MCA, RCC) and partnered with Printec for implementation and FICO TONBELLER for software, delivering the solution and custom local modules in nine months with centralized infrastructure in Greece. A converter was added to normalize domestic messages to SWIFT formats and screen them against EU and OFAC lists, yielding stronger interbank controls, improved reliability and customer confidence, and cost‑effective, group‑wide AML compliance.

Alpha Bank

Christos Lygeros

Compliance Division Manager