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

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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.

“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.”

CaseWare RCM, a provider of financial crime detection and prevention solutions, has announced that Pangea Money Transfer has selected Alessa with Microsoft Azure for its transaction monitoring and regulatory reporting capabilities.

Pangea Money Transfer is 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 in less than 30 seconds. Receivers can collect the cash at thousands of retail locations or have it directly deposited 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”, said 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 trusted by 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.

To learn more about how Alessa can strengthen your AML compliance program, visit caseware.com/alessa

About CaseWare RCM Inc.

CaseWare RCM Inc. is the maker of Alessa, a financial crime detection, prevention and management solution. With deployments in more than 20 countries in banking, insurance, fintech, gaming, manufacturing, retail and more, Alessa is the only platform organizations need to identify high-risk activities and stay ahead of compliance. To learn more about how Alessa can help your organization ensure compliance, detect complex fraud schemes, and prevent waste, abuse and misuse, visit us at caseware.com/alessa/.

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Anu Sood
CaseWare RCM
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Glenn Johnson
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