Pangea Money Transfer Chooses Alessa by CaseWare RCM for AML Monitoring and Reporting

Award-winning mobile-centric money transfer platform chooses Alessa with Microsoft Azure for transaction monitoring and regulatory reporting to maintain effective anti-money laundering controls.

An international money transfer service has chosen CaseWare RCM to boost its anti-money laundering (AML) capabilities and prevent the financing of terrorist activities. CaseWare RCM, which provides financial crime detection and prevention solutions, recently announced that Pangea Money Transfer has selected its Alessa solution to improve its transaction monitoring and regulatory reporting capabilities.

Pangea Money Transfer is known as an award-winning mobile-centric money transfer platform that allows on-the-go users to send money from the U.S. to 15 countries across Latin America and Asia quickly -- in less than 30 seconds. Receivers can collect thousands of retail locations across services countries, or have it directly deposited directly into any bank account or onto a debit card.

“Pangea Money Transfer is committed to maintaining an effective compliance program that meets or exceeds its regulatory obligations”, noted Pangea CEO Nishu Thukral. “The decision to use Alessa is an affirmation of our commitment to employ the best available compliance technology that prevents money laundering or the financing of terrorist activities.”

“Pangea Money Transfer was looking for a solution that offered transaction monitoring and the ability to submit regulatory reports to FinCEN (Bureau of the U.S. Department of the Treasury) and CNBV (Secretaría de Hacienda y Crédito Público, Mexico),” added Andrew Simpson, Chief Operating Officer at CaseWare RCM.

“Since Alessa offers real-time transaction monitoring and regulatory reporting capabilities, it is the ideal solution for MSBs or fintechs looking to offer money transfer capabilities while maintaining an effective AML/CFT compliance program.”

Alessa is a go-to solution for banks, MSBs and fintechs to meet their anti-money laundering and other regulatory and compliance needs. Alessa is consistently chosen because it is a versatile and modular solution that easily integrates with existing infrastructure and scales with organizations as their size and needs grow.

Learn more about how Alessa can strengthen your AML compliance program here, and see the original news release here.


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