PNB RCI Selects Alessa for Transaction Monitoring and Fraud Prevention

Share Article

Money transmitter catering to the remittance needs of Filipinos in the United States selects solution by CaseWare RCM to enhance its AML compliance program.

We selected Alessa to help ensure that our remittances are not jeopardized by money laundering or fraud risks and to ensure that we are compliant to regulations set forth by federal and state regulators.”

CaseWare RCM, a provider of financial crime detection and prevention solutions, has announced that PNB Remittance Centers, Inc. (“PNB RCI”) has selected Alessa to meet its transaction monitoring, wire screening, fraud detection and regulatory reporting needs to enhance its compliance to anti-money laundering (AML) regulations under the Bank Secrecy Act (BSA).

PNB RCI is a California-incorporated company that is an indirect, wholly owned affiliate of Philippine National Bank (PNB). With branches and agents operating across the United States to serve clients with their remittance needs, PNB RCI has been engaged in the transmission of money to the Philippines since 1991. With a mission to serve the Filipino community, PNB RCI offers services such as credit to PNB accounts and other Philippine bank accounts, cash pick-up at PNB branches and PNB pay-out agents, and door-to-door delivery. Services are also offered through PNB RCI’s Mobile Remit (using Xchanged USA Mobile app), Web Remit and Tel Remit channels.

“Secure, fast, and reliable remittances are the lifeline for families in the Philippines of US-based Filipinos. We selected Alessa to help ensure that these are not jeopardized by money laundering or fraud risks and to ensure that we are compliant to regulations set forth by federal and state regulators,” said Nelson Javier, President and Chief Executive Officer of PNB RCI.

“Disruptions in economic activity due to the COVID-19 pandemic is changing remittance patterns and fraud activity,” said Andrew Simpson, Chief Operating Officer at CaseWare RCM. “The decision by PNB RCI to use Alessa will allow them to enhance their existing remittance screening capabilities and adapt to changing AML compliance regulations.”

Money services businesses (MSBs), banks, credit unions and other types of financial institutions trust Alessa to meet their compliance obligations and fraud prevention needs. Alessa is consistently selected because it is an easy-to-use 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 program, visit To learn more about the services offered by PNB RCI, visit

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 to regulations, detect complex fraud schemes, and prevent waste, abuse and misuse, visit us at

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Anu Sood
since: 05/2018
Follow >
Visit website