The Laundry (Strise)

I første episode av The Laundry diskuterer vi spennende temaer som; Hvordan hvitvasker man egentlig penger? Gjør økokrim jobben sin godt nok? Hvordan påvirker AML prosesser kundereisen? Og er det blitt vanskeligere eller lettere å hvitvaske nå som crypto er kommet for å bli?

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Blir Finanstilsynets, Anders Schiøtz Worren og AML-ekspert, Magnus Johannesen omsider enige? Lovverket sier at alle transaksjoner som bankenes overvåkningssystemer flagger som mistenkelige må gjennomgås manuelt. Magnus Johannesen mener at flagginger med lav prioritering burde kunne behandles automatisk. Mens Finanstilsynet på sin side mener at det ikke er klart hva som er en flagging med lav prioritering. Vi kjører debatt i denne ukens episode!

Gode kilder å lese seg opp på:

https://finanswatch.no/nyheter/fintech/article13691718.ece

https://finanswatch.no/nyheter/regulering/article13735435.ece

https://finanswatch.no/nyheter/bank/article13823660.ece

https://finanswatch.no/nyheter/regulering/article13816344.ece

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Denne uken snakker vi med svindel-ekspert, Ida Marie Edholm i Nordea. Hvordan jobber en av Nordens største banker med å bekjempe svindel? Hva er sosial manipulasjon? Og hvilken svindel-risiko utgjør alle personopplysningene som nå er på avveie etter Norkart-hacket forrige uke?. Dette er noen av de mange temaene vi diskuterer i denne ukens spennende episode.

Visste du? Vi arrangerer vår første The Laundry LIVE, Torsdag 19.Mai på Media City Bergen sammen med NCE Finance Innovation. Her blir det paneldebatt med kjente bransjeprofiler og mye mer! Så meld deg på i dag: https://www.linkedin.com/events/aml-jaktervicompliance-ogikkesk6919366000857468929/ Håper vi sees! :)

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Sorte svaner (Black Swans) er en betegnelse på uventede og ofte alvorlige hendelser. Da russiske stridsvogner krysset Ukrainas grense morgenen 24. februar, overrasket det mange norske banker og finansinstitusjoner. Og etter kun få dager utløste vestlige myndigheter en flom av sanksjoner mot russiske individer og selskaper. Hvor godt forberedt var egentlig bankene på at dette skulle skje?

Forrige uke arrangerte vi The Laundry LIVE i Bergen sammen med NCE Finance Innovation og flere bransjeeksperter hvor vi diskuterte nettopp dette temaet.

Se eller hør hele episoden! Link til video versjon: https://youtu.be/oNeaw5THdAc

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Vi har invitert Danske Bank sin dyktige SAR (Suspicious activity report) Officer, Anette Kristensen, for å snakke om hvordan man skaper seg en karriere innen anti-hvitvask. Hvitvasking er en omfattende og kompleks forbrytelse som ofte kan knyttes til svært alvorlig kriminalitet, fra narkotikahandel, menneskehandel og våpenhandel. Sammen med terrorisme, bidrar det til å bryte ned grunnleggende samfunnsstrukturer og institusjoner. Derfor har anti-hvitvask aldri vært viktigere enn hva det er i dag –og arbeidet med å forhindre og oppdage hvitvasking av penger har en positiv påvirkning av samfunnet vårt. Men hvordan er det egentlig å jobbe med anti-hvitvask? Hvilken utdanning og bakgrunn må du ha? Og hvordan blir man god innenfor fagfeltet?. Lytt til denne ukens spennende episode –så kanskje du plukker opp noen gode tips! :)

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Økokrimsjef, Pål Lønseth sammenlignet korrupsjon med en "kreftsvulst av en annen verden" på Antikorrupsjonskonferansen. Og de siste ukene har nyhetsmediene vært tapetsert av overskrifter med ordet “KORRUPSJON”. Hva skjer? Blir det begått mye mer korrupsjon i Norge enn vi liker å tro?. 

Vi har invitert Økokrimsjefen i studio for å høre hvordan han vurderer risikoen for korrupsjon akkurat nå, og for å få noen konkrete tips til hvordan banker og finansforetak kan beskytte seg. Vi snakker også om det nye våpenet mot korrupsjon som Økokrim lanserte forrige uke, og hvorfor frakt- og ressurskrisen vi nå befinner oss i øker korrupsjonsrisikoen for norske selskaper i utlandet. 

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In this episode, former McKinsey and AML expert Magnus Johannesen takes you through how big the AML market is, what challenges the banks and financial institutions face, and how new technology can be utilized to reduce costs and make AML processes better.

Did you know that European banks and financial institutions spend €200bn+ on anti-money laundering per year? Over 75% of this is spent on personnel as they struggle to meet regulatory requirements for KYC (Know your customer). And the excessive cost and risk associated with KYC leave them screaming for new and better technology to help.

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Forrige uke arrangerte vi FinCrime afterwork i Oslo med tema korrupsjon for over 100 bransjekollegaer. Vi var så heldig å få med Erling Grimstad fra advokatselskapet Erling Grimstad, Jan Erik Gran Olsen fra KPMG og Andreas Engstad fra Convier på scenen i en episode av The Laundry Live for å dypdykke ned i tema. Vi får høre de verste korrupsjonssakene Erling og Jan har vært vitne til, vi diskuterer hvordan man får avslørt korrupsjon og stiller det viktige spørsmålet "foregår det egentlig mer korrupsjon i Norge enn vi tror?"

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Før Fipo-sjef, Nicklas Lundh går over i sin nye rolle som leder for strategisk etterretning i SEB har han tatt seg tid til en prat med oss. I denne interessante sesongpremieren snakker vi om samspillet mellom mennesker og maskiner i analysearbeidet, fordelene og utfordringene med mer informasjonsdeling mellom finansinstitusjonene, auto-lukking av transaksjoner, effekten av et felles system for innrapportering av saker i GoAML, trender, og mye mer. I tillegg ser vi på hvordan kriminelle bruker fotballklubber til å hvitvaske penger i vår nye spalte, "How Criminals Launder Money".

Velkommen tilbake til en ny sesong av The Laundry!

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Crypto-native companies have lacked a stable and secure banking foundation to run their businesses without fear of being shut down by their banking partner. Or even being approved to open a corporate bank account, to begin with. New players have entered the marketplace to close this gap by providing compliant payment services to crypto businesses and crypto services to banks.

One super exciting company is Denmark-based Januar. And in this week's episode, we chatted with Januar’s Chief Risk & Compliance Officer, Marcus Mølleskov, about why crypto compliance matters and how crypto companies work with AML.

Enjoy!

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The Legal Entity Identifier (LEI) is a unique 20-character, alpha-numeric code that contains information about an entity's ownership structure and thus answers the questions of 'who is who' and 'who owns whom.' The LEI has broad potential in use cases but also creates business value in two ways: first, it reduces transactional and operational friction in identifying transaction counterparties. Second, it provides essential information about a legal entity's background. 

In this week's episode, we have invited LEI expert David Silverman, CEO of Global FinReg, to discuss the use cases that demonstrate the wide potential application of the LEI.

Enjoy!

Learn more about David by visiting his company webpages: https://www.globalfinreg.com/ and https://fintech.builders/

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How can Compliance Officers deliver more human-centric programs? Traditional compliance programs often do not think about behavioral drivers. Instead, traditional approaches think about how we would like people to behave rather than how they are likely to behave. That's the theory behind Human Risk, a London-based compliance firm run by this week's guest, Christian Hunt. 

Christian has over 25 years of experience in financial services. And he brings a unique perspective to the compliance field, having both been a regulator with a subsidiary of the Bank of England and a Risk & Compliance Officer at UBS.

Tune in and learn why you should bring behavioral science to your compliance program.

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Banks and financial institutions at the forefront are moving into the next frontier of AML. They focus on four primary areas, which we look more closely at in this week's episode.

What are those four areas?

1: Synergies with other risk types. 

How Fraud, AML, and Cyber can benefit from each other and leverage the fact that these divisions utilize the same data and can feed each other with information.

2: Operational excellence

How banks can capture "gold-standard KYC" in the frontline to deliver better customer journeys, more precise services, and a better banking experience.

3: Collaboration across the industry

Industry players want to collaborate, understand, learn, and jointly develop new ways to combat risk through data sharing. 

4: Higher efficiency

False positives cause tremendous requirements in terms of people and time spent on investigation. So how can banks ensure that their teams spend time where it matters? Catching the big fish?

Tune in to this week's episode, where we also have AML-expert Magnus Johannesen back in the studio!

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Cybercrime and financial crime are moving closer and closer together.

A growing number of cyber-attacks are believed to be the work of organised crime and combine cyber techniques, fraud and money laundering.

Despite this, most banks and financial services institutions continue to treat cybercrime and cybersecurity as one activity and AML, fraud and loss prevention as another.

As a result, each team will have its personnel, tools, and operating procedures. In some cases, teams are located in separate offices or even separate cities.

This siloed approach no longer works.

So, in this episode, we explore where the synergies are, what it means, and why it is important to close the gaps between cyber and financial crime.

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Denne uken har vi besøk av leder i enheten for finansiell etterretning (EFE) i Økokrim, Sven Arild Damslora.

Jobben til teamet hans er å ta i mot rapporter fra rapporteringspliktige og bearbeide disse, for å så dele informasjonen med politi, tilsynsmyndigheter, og utenlandske tjenester. (Episode in 🇳🇴)

Sammen med Sven Arild ser vi blant annet på disse temaene.

• Hvordan Økokrim mener en god MT-melding på en bedriftkunde bør se ut.
• Hvordan man kan vurdere transaksjonsvarsler opp i mot trendene innenfor de forskjellige industrikodene (NACE).
• Hvilke metoder og data man kan berike transaksjonsmonitoreringen av bedrifter med.
• Hvorfor samarbeidet mellom revisor, regnskapsfører og banken bør styrkes på dette området.
• Underrapporteres det innenfor bedriftssegmentet?
• Hvorfor små bedrifter utgjør mesteparten av det volumet som meldes inn. Og hvorfor det ikke er flere meldinger på større selskaper og konsern.
• Finnes det et “kompetanse-gap” hos rapporteringspliktige når det kommer til overvåkning av bedriftskunder?
• Avviker kvaliteten på MT-meldinger på bedrifter fra det som kommer inn på privatpersoner?
• Og hva er på toppen av agendaen til EFE nå fremover?

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Now the popular crypto exchange FTX is bust, and crypto is plummeting. What happens next?

We've invited the biggest crypto sceptic of them all to The Laundry, and according to him, the future for crypto does not look very bright.

Liron Shapira, the self-proclaimed "Michael Burry of crypto" and the angel investor who turned a $10,000 investment in Coinbase into a $6 million profit, explains why he now thinks crypto is a big scam.

Tune in to this week's crypto special in The Laundry!

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Billions are invested in KYC, but only 1% of money laundering is stopped. So why is that?

This week we have AML expert Louise Brown from Financial Compliance Group (FCG) in the studio to discuss this question and the following exciting topics:

– The extensive and recent money laundering scandal in Sweden, where 34 out of 43 exchange offices were linked to direct criminal activities, and it emerged that one single foreign exchange office in Stockholm had laundered millions in drug money and transferred funds to terrorist organizations.

– How criminals misuse the system and operate under the radar because government authorities are not permitted to share information due to local privacy legislation.

– Why a "culture of trust", lack of background controls, and very little practice in following up and monitoring make the Nordic countries an easy prey.

– And lastly, we deep dive into the "KYC bottlenecks" and look at how they can be removed.

1) Limited human resources.

2) Restricted data-sharing between government bodies

3) Poor data quality in the register of unique beneficiary owners managed by the Swedish Companies Registration Office. 

Tune in and enjoy!

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This week's special guest is Swedbank's former Chief Compliance Officer Viveka Strangert, also known through media as the "whistleblower" in the massive money laundering scandal.

Swedbank was fined 4 billion SEK (€389.8m) in 2020 by Sweden's financial watchdog for severe deficiencies in its AML processes and for withholding information from authorities investigating its role in the scandal, which also implicated Denmark's Danske Bank. 

Was these scandals a result of a cultural problem? We will try to discover that in our fascinating chat with Viveka.

From this episode, you'll learn:

00:59 - 04:15: What happened, and what was Viveka's involvement in the Swedbank case?

04:15 - 06:04: What it was like for Viveka to testify in court in such a big case.

06:16 - 10:05: How these high-profile scandals have changed the culture of compliance among Nordic banks.

10:06 - 14:52: Why the "tone from the top" is crucial to building a culture of compliance.

15:22 - 16:13: Are the banks and FIs still as naive today as in 2016 when the Swedbank scandal happened?

16:14 - 17:21: What advice would Viveka give young up-and-coming compliance officers?

17:45 - 19:03: Over-regulation and the negative consequences.

Tune in and enjoy!

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The financial frontline of Russia's war in Ukraine runs through the offices of overworked sanctions officers at banks and financial institutes everywhere.

It's the bank's job to freeze the accounts and assets of sanctioned individuals, and the pressure is colossal. If you get it wrong or act too slowly, the impact on a bank's brand and bottom line will be felt for years to come.

So how is one of the largest Scandinavian banks keeping up with the ever-evolving sanctions measurements? 

We invited Amalie Korning Wedege, the head of sanctions and FCC focus areas at Danske Bank, to understand how they adapt, operationalise and keep up with the sanctions legislation. 

From this episode, you'll learn:

01:23 - 06:15: What has happened in the invasion's aftermath, and what is the current regulatory focus? 

06:16 - 08:29: How has Danske Bank effectively implemented, operationalised and adapted to the ever-changing sanctions?

08:30 - 10:49: Six important steps Danske Bank has implemented internally. 

10:52 - 13:31: What have been the most challenging parts?

13:31 - 16:31: Counterparty screening is a huge topic. How is Danske Bank ensuring its methods include counterparties and the "full picture"?

16:32 - 19:47: Examples and potential indicators of sanctions evasion.

19:49 - 21:27: Now, ten months after the Russian invasion, what have been the main learning points for Amalie?

21:28 - 22:50: Technology, has it been a friend or foe?

22:51 - 23:20: How has the "tone from the top" been like at Danske Bank?

23:21 - 24:47: What's next? And what trends does Amalie see coming in 2023?

24:48 - 26:26: Amalie's best tips to young professionals who are just starting out in compliance.

Tune in and enjoy!

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(Episode in 🇳🇴) Finanstilsynet publiserte nylig et oppdatert rundskriv til hvitvaskingsloven som gir uttrykk for Finanstilsynets tolkning og forvaltningspraksis knyttet til hvitvaskingsloven. Det nye rundskrivet gjelder for alle rapporteringspliktige etter hvitvaskingsregelverket.

Sammen med Julie Odden som er leder for kompetanseheving innen økonomisk kriminalitet i PWC går vi igjennom veilederen og ser på de viktigste endringene.

Fra denne episoden vil du lære mer om:

01:40 - 02:12 Julies generelle tanker om det nye rundskrivet.

02:31 - 07:19 Hvordan går en regulert bedrift frem for å operasjonalisere stegene ved risikovurdering?

07:21 - 08:48 Risikovurderingen skal baseres på en holistisk vurdering der egne erfaringer er inkludert. Hvilke eksempler på erfaringer bør inkluderes her?

08:49 - 10:50 Rapporteringspliktige må revidere sine prosesser når det publiseres relevante risikovurderinger fra organisasjoner og myndigheter. Hvordan kan bedrifter sikre at denne typen endringer fanges opp?

10:51 - 13:26 Tilsynet ønsker at arbeidsprosesser skal beskrives. Hvordan bør denne dokumenteringen av rutineverket se ut?

13:27 - 14:55 Hva er kombinasjonsrisiko og hvordan kan regulerte bedrifter sikre at de operer i tråd med Finanstilsynets forventinger?

14:56 - 19:13 Hvordan tolker Julie de nye anbefalingene for hvordan ulike riskoklasser skal behandles ulikt?

19:14 - 25:05 Den oppdaterte veilederen har også noen endringer for kundetiltak. Hva innebærer disse endringene?

25:06 - 27:16 Hvilke problemstillinger rundt helautomatisert onboarding bør regulerte bedrifter nå ta en ekstra vurdering rundt?

27:17 - 30:13 Julie sine key takeaways fra det nye rundskrivet.

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The EU's new Ultimate Beneficial Ownership (UBO) ruling has been making headlines all over Europe. At first glance, it appears to be a major win for those who think public UBO registers infringe on the right to privacy. But is it instead a gigantic Christmas gift to the criminals?

In this episode, we explore the pros and cons of the new UBO ruling with Thom Townsend, Executive Director at OpenOwnership and look at how it could affect the fight against financial crime.

Join us as we investigate whether the new UBO ruling is a blessing or a curse.

From this episode, you'll learn:

01:32 - 04:59 What is this recent ruling from the Court Justice of the European Union?

04:50 - 06:06 An excellent example of why ending public access to UBO registers is a bad idea.

06:07 - 10:40 Do the EU put privacy over AML?

10:53 - 14:21 Are there any examples of documented harm due to the open UBO registers? 

14:22 - 17:30 What were the key takeaways from the CSABOT (Civil Society Advancing Beneficial Ownership Transparency) conference in Brussels last week?

17:31 - 20:17 Why the EU now has a massive responsibility for clarifying and defining the new ruling.

20:32 - 24:28 Will AML6 overrule this?

24:30 - 28:36 Why the banks and the public industry must step up now.

28:39 - 33:08 Many countries are keeping their UBO registers open. Will governments put their national laws above the EU ruling?

33:10 - 37:58 Which countries have the most effective implementation of ownership transparency right now?

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As Head of Risk and Compliance at Vipps MobilePay, one of Europe's largest fintech companies, Silke Øverby knows that compliance is more than just a cost centre.

Join us to learn how compliance functions can help improve customer satisfaction, boost customer loyalty, and reduce the chances of litigation - all while driving business growth.

From this exciting episode, you'll learn:

• Strategies implemented to turn compliance into a driving force for growth (1:54 - 6:18)
• Balancing AML/KYC process in a fast-scaling business (6:18 - 8:46)
• Challenges faced in managing AML/KYC processes (8:46 - 11:14)  
• Important KPIs for compliance departments (11:14 - 12:10)  
• Biggest successes of Vipps MobilePay's risk & compliance team (12:10 - 13:37)  
• Ensuring the compliance team remains agile (13:37 - 15:49)  
• Changes to the compliance function & improvement to the Vipps MobilePay experience (16:00 - 17:13) 
• Merging two compliance departments (17:13 - 19:50) 
• Tone from the Top (19:50 - 21:27)
• Bringing compliance closer to the business function (21:27 - 23:29)
• The compliance bottlenecks, challenges, and opportunities in 2023 (23:29 - 30:30)
• Automating processes and decisions (30:30 - 32:54)
• Some great tips and tricks from Silke (32:54 - 36:13)

Tune in and enjoy!

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Guess where the business name 'Adolf Tooth-Fairy Hitler' is registered?

Registering a business at Companies House, the official business registry in the UK is an easy, quick, and affordable process. However, strange business owner names like 'Adolf Tooth-Fairy Hitler' appear in the organisation's database, suggesting that limited checks are being conducted and reveal a system vulnerable to criminal manipulation.

In this episode, we will be exploring the vulnerability of the UK's company registration system to criminal manipulation.

We have Graham Barrow, co-host of "The Dark Money Files" podcast and a long-standing expert in the anti-money laundering world. He will help us look into the groups of criminals behind this issue, the countries affected, and the measures being taken to address the vulnerabilities of the Companies House system. We will also discuss digital reforms to the Companies House, the EU's new UBO ruling, and the craziest company names registered with Companies House.

From this episode, you'll learn:

02:22 - What kind of criminal manipulation is Companies House vulnerable to?

03:19 - How are UK-registered companies been misused in money-laundering scandals?

04:50 - What groups of criminals are behind this?

06:13 - Why should Nordic AML and compliance officers care about what's going on in CH?

08:29 - Are there any examples of this affecting Nordic banks?

12:38 - What are the worst examples Graham has seen?

17:23 - Do UK banks know this and accept a Companies House registration as good validation?

18:54 - What measures are being taken to address the vulnerabilities of the Companies House system?

20:48 - What are some of the most misused addresses/streets in the UK on Company House?

24:29 - What is Risk Alert 247?

28:10 - What are some of the compliance trends for 2023 from a UK perspective?

Tune in to find out more!

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In 2022, the FCA (Financial Conduct Authority in the UK) raised the possibility that criminals may take advantage of the speedy onboarding process of challenger banks (neobanks), mainly to create money mule networks.

Their report also noted that challenger banks advertise the ability to open accounts quickly, which may lead to insufficient information being gathered on higher-risk customers during the account opening process.

Consequently, the FCA reviewed the financial crime controls of a sample of challenger banks that compete with traditional retail banks.

In this episode, we will, together with one of the leading experts in the field, James Nurse from Fintrail, a specialist consultant firm in the financial crime space, explore the risks associated with challenger banks and how traditional retail banks are faring in comparison.

We'll also look at the financial crime controls amongst the challenger banks to better understand the situation.

From this episode, you'll learn:

01:39 - 02:42: What led to the need for a review of challenger banks' financial crime practices?

02:42 - 05:25: Critical weaknesses identified by FCA

05:25 - 06:58: How challenger banks can adapt customer risk assessment & EDD for the heightened risk of sanctions evasion

06:58 - 08:55: How challenger banks & traditional banks differ in legislation they must comply with

08:55 - 09:57: What guidance is available to challenger banks to help meet AML/CTF obligations

09:57 - 11:24: What technologies are available to help

11:24 - 12:43: James' top tips

12:43 - 14:12: Why a compelling financial crime change program is crucial

14:12 - 15:27: What challenger banks should expect from the FCA in terms of monitoring their compliance with the AML regulations in 2023

15:27 - 16:49: What risk controls are the challenger banks usually good at—and maybe even better at compared to the traditional banks?

16:49 - 19:44: How you can balance the need for robust KYC with a seamless customer experience

19:44 - 21:15: How the KYC process for challenger banks differ from traditional banks

21:15 - 24:22: Why "Effectiveness" continue to be a big 2023 compliance trend

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In this week's episode, we're deep-diving into FCG's "AML State of Play report", a comprehensive study of the AML practices of ten of Denmark's largest financial institutions. The report is based on anonymous interviews with senior executives from the ten banks.

Together with Kenneth Ullmann Eenholt, director at FCG Denmark, we explore the key findings from the report and the progress made since the money laundering scandals of recent years. Kenneth also shares his expert insight into the enormous investments in AML programs and why they're not yet paying off.

From this episode, you'll learn:

00:00 - 07:16: Take on the significance of money laundering on a global and Nordic level

07:16 - 09:48: Why the enormous AML investments aren't paying off

09:48 - 20:24: Advice to top management and operational teams

20:24 - 26:26: Recommendations for implementation of technologies

26:26 - 33:55: Uncertainty about roles and responsibilities within the organisation

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Join us as we uncover the truth behind Britain's 'kleptocracy capital'.

Award-winning and investigative journalist Oliver Bullough joins this week's The Laundry episode to discuss how London has become a safe haven for the world's wealthiest people to hide their stolen money and spend it with no questions asked. 

Bullough explains how the problem originated and how the lack of regulation in the UK has enabled oligarchs, criminals and kleptocrats to use London's banks to launder their wealth. 

Don't miss this exciting episode about how London became the money laundering capital of the world.

From this episode, you'll learn:

00:00 - 09:11 What inspired Oliver to write the book, "Butler to the World"

09:11 - 15:32 How Britain became a world-class enabler of financial crime

15:32 - 21:32 Oliver takes you through the "Kleprocrat tour"

21:32 - 23:28 How Britain has turned Gibraltar into the "world's biggest online casino"

23:28 - 26:31 The register of overseas owners of UK properties

26:31 - 37:44 Why the current AML regulations don't work

37:44 - 42:06 The recent EU ruling on UBO registers is a complete disaster

42:06 - 45:06 The politicians are failing to address money laundering adequately

45:06 - 48:00 How do we clean up this mess?

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Last week we hosted, The Laundry Live - a live-streamed community event featuring subject-matter experts such as; Louise Brown, Graham Barrow, Gregory Dellas, and Christian Hunt.

Our speaker, Louise Brown, Director of Financial Crime Prevention at FCG, shared her insights on the AML trends in 2023 and beyond. Listen to this episode to hear her thoughts and get ahead of the curve.

We recommend you watch the entire YouTube event here.

Enjoy!

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In this episode, we'll take a closer look at the collapse of Silicon Valley Bank (SVB), one of the biggest US bank runs in over a decade.

We'll examine how the bank's risk management may have been the leading cause of its downfall and get an exclusive perspective from Marcus Mølleskov, Chief Risk & Compliance Officer at Januar and Simon Taylor, Head of Strategy at Sardine.ai. 

Tune in as we untangle the complexities of this case and find out what lessons can be learned.

From this episode, you'll learn.

00:00 - 08:01: What happened?

08:01 - 11:30: Why the SVB collapse is an outlier.

11:30 - 15:33: SVB had no official Chief Risk Officer for eight months. How has this potentially affected this?

15:33 - 26:13: How will other banks address risk management in the wake of the SVB collapse?

26:13 - 28:39: How will it affect the importance of KYC and customer due diligence for other financial institutions?

28:39 - 31:46: What can we expect of new government regulations after this?

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Join us as we sit down with Jørgen Holmlund, who brings over 25 years of experience in intelligence, to discuss sanctions and intelligence work. 

This episode is brought to you in partnership with Penningtvättsdagarna – Sweden's largest event for AML/CFT professionals, taking place on May 3-4 in Stockholm. 

In this episode, we explore the ever-changing world of sanctions and look at Russia's recent steps to circumvent EU and US sanctions. 

We also delve into the current status of intelligence work, the most worrying trends Jørgen and the intelligence community see, and how to utilise technology to stay ahead of criminals.

Finally, we'll explore what recommendations Jørgen has for privately owned companies, banks and regulated companies.

Tune in now to hear this important conversation.

From this episode, you'll learn:

00:00 - 04:56 What is the main motive behind imposing sanctions, and what has been the effect?

04:56 - 07:57 What steps has Russia taken since 2014 to circumvent EU and US sanctions? 

07:57 - 11:36 Where have sanctions worked as intended, and why were they successful?

11:36 - 17:55 What are the current trends in intelligence work?

17:55 - 25:17 How do we utilise technology to help?

25:17 - 31:00 What are the most worrying trends the intelligence community sees?

31:00 - 38:52 How do we stay ahead of the next move of the criminals?

Hosted on Acast. See acast.com/privacy for more information.

Get ready to uncover the secrets of one of the world's most notorious hacking groups - The Lazarus Group.

In this episode, we chat with investigative journalist Geoff White and explore the inner workings of this elite North Korean group.

Join us as we delve into their past and present operations, including their staggering theft of billions of dollars through cyberattacks, targeting everything from cryptocurrency businesses to major corporations like Sony Pictures Entertainment.

Geoff will reveal how North Korea gains from conducting these illegal activities, evading sanctions, and the group's evolving tactics over the years. We'll also explore the evidence of their involvement in cryptocurrency and similar groups and countries engaging in these activities.

Take advantage of the exclusive sneak peek into season two of The Lazarus Heist, where we will continue investigating the group's new methods and North Korea's denial of involvement.

Tune in for a thrilling and informative conversation with Geoff White, and discover the surprising truth about the Lazarus Group.

Hosted on Acast. See acast.com/privacy for more information.

Welcome to a special episode where we're thrilled to announce a very famous guest, ChatGPT!

In this thought-provoking discussion, we delve into the complex and intriguing roles played by Artificial Intelligence (AI) as both an adversary to money launderers and an ally in the fight against financial crime. All responses come directly from the AI itself, providing unique insights into its nuanced roles within this critical domain.

Join our host, Fredrik Riiser, and ChatGPT as they tackle the challenges of the AI "black-box" phenomenon and explore how AI can be a double-edged sword in the wrong hands. Together, they unravel the importance of transparency and the critical and pivotal role of human-AI collaboration in combatting financial crime for banks.

We're confident this episode will captivate your attention and shed light on the ever-evolving intersection of AI and financial crime.

Tune in to this week's episode of The Laundry and enjoy!

Hosted on Acast. See acast.com/privacy for more information.

In this episode, we're diving into the murky world of shipping and its challenges for banks. With little oversight and a global reach, the maritime industry presents complex problems for banks navigating regulatory compliance.

Our expert guests, Tom Cardamone and Michael Byrne, CEOs of Global Financial Integrity and the Institute of International Banking Law & Practice, respectively, take us through the increasing pressures on banks to combat sanctions and combat financial crime compliance evasion. 

We explore the staggering statistic that 12.2% of active ships and vessels have unknown owners - and with 80% of all goods being imported by sea, the need for greater transparency in vessel ownership is more important than ever! Read the full report here.

But the shipping industry's complexity has caused anxiety among banks, who are struggling to keep up with the expertise and tools needed to navigate these challenges. Tom and Michael provide unique insights into the risks and solutions to help banks stay compliant and understand the importance of monitoring suspicious vessel behavior.

So grab a seat and get ready to uncover the secrets of the shipping industry and why it's causing such anxiety among banks. 

From this exciting episode, you'll learn: 

• The staggering statistic is that 12.2% of ships have unknown owners, and how this impacts overall compliance and regulatory challenges.

• Key policy recommendations from the report include vessel ownership as a risk assessment tool and establishing a beneficial ownership registry for vessels.

• The importance of a nuanced understanding of the maritime shipping industry and specific recommendations for banks and insurance companies.

• The challenges that small or medium-sized banks face in navigating the shipping industry and ways to increase their understanding.

• Future developments in shipping industry compliance trends and how financial institutions can prepare for them.

• The role of vessel group ownership information in assessing compliance risk and how government regulators and port security officials can require transparency.

• The need for banks and insurance companies to better identify commodities and trade corridors where transhipment and ship-to-ship transfers may occur.

• The consequences of failing to comply with recommendations and guidelines issued by OFAC and OFSI.

Tune in and enjoy!

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In this week's episode, we speak with Patrick Skjennum, CTO of Strise, to delve deep into the fascinating world of Generative AI and its potential impact on the fight against financial crime.

We uncover how Generative AI can revolutionize the financial industry, from combating financial crime to providing exceptional customer service. Patrick provides real-life examples of how companies are currently utilizing Generative AI in the financial sector, preparing you for the future of finance compliance.

We also discuss how Generative AI can detect and prevent fraud, the challenges of using data for Generative AI models, and how to ensure transparency and ethical use of Generative AI in financial operations.

Join us for an enlightening and comprehensive understanding of the emerging role of Generative AI and how it's changing the world of compliance. 

Tune in now to stay ahead of the AI game!

Hosted on Acast. See acast.com/privacy for more information.

Dive into the complexities of Trade-Based Money Laundering (TBML) in this insightful episode.

Join us with our guest, Bruce Viney, the Director of Financial Crime Compliance Training at CCL Academy, as we explore TBML's intricacies, how criminals manipulate trade, and the challenges financial institutions and regulated companies face.

Get ready for an information-packed discussion covering topics such as:

• Defining Trade-Based Money Laundering (TBML) and exploring its unique methods
• Identifying key indicators, red flags, and risk-management measures to protect against TBML
• The importance of robust KYC processes and supply chain transparency in combating TBML
• Harnessing advanced technologies and transaction monitoring systems for TBML detection
• Roles of Free Trade Zones, major organizations, and collaborative efforts in mitigating TBML risks
• Adapting to the latest regulatory updates in AML and compliance related to TBML prevention

Don't miss out on this fascinating look into the secretive world of Trade-Based Money Laundering.

Enjoy!

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You've probably seen the disturbing images in the news—people appearing like zombies, ravaged by the ruthless grip of the deadly drug, Fentanyl.

In this gripping episode, we take a deep dive into the hidden realm where digital wealth meets addiction, destruction, and death. With the help of our special guest Scott Chipolina, Financial Times journalist, we unravel the intricate and devastating links between cryptocurrencies, Chinese suppliers, and the wave of fentanyl-related fatalities sweeping the United States.

Beyond examining the mechanics of how digital currencies fuel this lethal crisis, we'll also explore the major players in this dangerous game and the global efforts to mitigate the damage.

Join us as we dive headfirst into this tangled web of deception, addiction, and technology.

Sources: "Crypto’s dark role in the US opioid epidemic", "Chinese Businesses Fueling the Fentanyl Epidemic Receive Tens of Millions in Crypto Payments"

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From fine art to global wars – financial crime is everywhere!

So, how does the industry keep up, who are the people fighting crime on the front line, and what are the consequences of not getting this right?

Our new season of twelve episodes will be dropping every Thursday from September 28th.

Make sure to subscribe to The Laundry wherever you get podcasts!

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Law firms are responsible for some of the largest transactions globally – from M&As, to real estate deals, to setting up new companies.

But no money movement is without risk and legal firms come close to some of the most high-risk sectors in the world!

In this week's episode – our host, Marit Rødevand, is joined by Bruno Edenogie, Head of EU Compliance & Data Protection Officer at Orrick, Herrington & Sutcliffe.

They discuss how does AML and compliance keeps the sector on the straight and narrow, the biggest challenges when it comes to money laundering, politically exposed persons, and sanctioned individuals, and why it's so important to get this right.

Producer: Matthew Dunne-Miles

Engineers: Nicholas Thon Jørgensen and George Stzuka

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This episode of The Laundry is brought to you in association with the HVIDVASK & TERRORFINANSIERING Conference in Copenhagen.  

Bringing together experts from across the financial, private and public sectors – it’s a chance to learn and discuss all the hottest topics in the industry right now. 

The conference is taking place October 11 &12, 2023. Find out more at: insightsevents.dk 

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The Laundry podcast: Dive deep into the intricacies of financial crime, AML (anti-money laundering), compliance, sanctions, and the ever-evolving landscape of financial regulation.

Hosted by Marit Rødevand and Fredrik Riiser – this podcast features renowned experts from sectors such as banking, fintech, compliance, and investigative journalism.

Together, they shed light on the industry's trending topics, analyse mainstream news through a compliance-focused lens, and connect the fight against financial crime to its real-world consequences and ramifications.

The Laundry is proudly produced by Strise, an AML Intelligence System.

Get in touch at: laundry@strise.ai

Hosted on Acast. See acast.com/privacy for more information.

Human trafficking is one of those terms which hides a lot of human suffering.

Estimates put the number of people trafficked globally at around 27 million – forced into domestic work, construction, agriculture, sexual exploitation, and many more dark avenues. 

This is a huge global problem that financial services can help to identify and eradicate – but only if it steps up to the challenge.

In this week's episode – our host, Marit Rødevand, is joined by Anita Nedergaard, Country AML Responsible, Nordea.

They discuss how banking and human trafficking overlaps, the red flags all financial services should be looking for, and whether banks have a responsibility to fight this crime.

Producer: Matthew Dunne-Miles

Engineers: Nicholas Thon

____________________________________

This episode of The Laundry is brought to you in association with the HVIDVASK & TERRORFINANSIERING Conference in Copenhagen.  

Bringing together experts from across the financial, private and public sectors – it’s a chance to learn and discuss all the hottest topics in the industry right now. 

The conference is taking place October 11 &12, 2023. Find out more at: insightsevents.dk 

____________________________________

The Laundry podcast: Dive deep into the intricacies of financial crime, AML (anti-money laundering), compliance, sanctions, and the ever-evolving landscape of financial regulation.

Hosted by Marit Rødevand and Fredrik Riiser – this podcast features renowned experts from sectors such as banking, fintech, compliance, and investigative journalism.

Together, they shed light on the industry's trending topics, analyse mainstream news through a compliance-focused lens, and connect the fight against financial crime to its real-world consequences and ramifications.

The Laundry is proudly produced by Strise, an AML intelligence system.

Get in touch at: laundry@strise.ai

Hosted on Acast. See acast.com/privacy for more information.

The University of Oxford is currently *the* top higher learning institution in the world and two more British universities also make it into the top 10, according to World University Rankings.

But new research has exposed how these prestigious places of learning, and many more across the UK, are under threat from money linked to global terrorism and crime!

From student becoming money mules, to a ‘no-questions-asked’ approach to cash payments on tuition fees and accommodation – students and universities are vulnerable to financial crime.

In this week's episode – our host, Marit Rødevand, is joined by Nicholas Ryder, Professor of Law at Cardiff University.

They discuss the vulnerabilities exposed by this research, the impact on students and universities, and what needs to happen next.

Producer: Matthew Dunne-Miles

Engineers: Dominic Delargy, Paul Allen, Nicholas Thon

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The Laundry podcast: Dive deep into the intricacies of financial crime, AML (anti-money laundering), compliance, sanctions, and the ever-evolving landscape of financial regulation.

Hosted by Marit Rødevand and Fredrik Riiser – this podcast features renowned experts from sectors such as banking, fintech, compliance, and investigative journalism.

Together, they shed light on the industry's trending topics, analyse mainstream news through a compliance-focused lens, and connect the fight against financial crime to its real-world consequences and ramifications.

The Laundry is proudly produced by Strise, an AML intelligence system.

Get in touch at: laundry@strise.ai

Subscribe to our newsletter, Fresh Laundry, here.

Hosted on Acast. See acast.com/privacy for more information.

Our guest for this episode is unique to The Laundry so far!

In 2007, he was convicted under the Foreign Corrupt Practices Act for the kind of financial crimes our podcast audience are typically looking to combat! 

However, following cooperation with a sting operation, working undercover for three years, and a fourteen month spell in prison – he now raises awareness of the risks he once found themselves at the center of. 

In this week's episode – our host, Fredrik Riiser is joined by Richard Bistrong, speaker, consultant, and CEO of Front-Line Anti-Bribery.

They discuss Richard's slippery slope to grand corruption, working with the authorities, and the lessons he teaches to corporations today!

Check out Richard's article for Fast Company on the risks of high-performing employees here, as well as his newsletter "The Compliance Corner" here.

Producer: Matthew Dunne-Miles

Engineers: Dominic Delargy, Nicholas Thon

____________________________________

The Laundry podcast: Dive deep into the intricacies of financial crime, AML (anti-money laundering), compliance, sanctions, and the ever-evolving landscape of financial regulation.

Hosted by Marit Rødevand and Fredrik Riiser – this podcast features renowned experts from sectors such as banking, fintech, compliance, and investigative journalism.

Together, they shed light on the industry's trending topics, analyse mainstream news through a compliance-focused lens, and connect the fight against financial crime to its real-world consequences and ramifications.

The Laundry is proudly produced by Strise, an AML intelligence system.

Get in touch at: laundry@strise.ai

Subscribe to our newsletter, Fresh Laundry, here.

This episode is the property of Strise and is not for replication.

Hosted on Acast. See acast.com/privacy for more information.

Let’s face it. When it comes to money laundering – the UK is a serious player! 

If money laundering was an olympic sport – research suggests that the UK would be on the podium with a silver medial – only trumped by Team USA! 

But now, a group of politicians are looking to fight that reputation with a new bill – currently passing through the Houses of Parliament. 

In this week's episode – our host, Marit Rødevand, is joined by Dame Margaret Hodge, Member of Parliament for Barking.

They discuss the Economic Crime Bill, the potential impact on the UK, and how political power can help fight financial crime.

Producer: Matthew Dunne-Miles

Engineers: Dominic Delargy, Nicholas Thon

____________________________________

The Laundry podcast: Dive deep into the intricacies of financial crime, AML (anti-money laundering), compliance, sanctions, and the ever-evolving landscape of financial regulation.

Hosted by Marit Rødevand and Fredrik Riiser – this podcast features renowned experts from sectors such as banking, fintech, compliance, and investigative journalism.

Together, they shed light on the industry's trending topics, analyse mainstream news through a compliance-focused lens, and connect the fight against financial crime to its real-world consequences and ramifications.

The Laundry is proudly produced by Strise, an AML intelligence system.

Get in touch at: laundry@strise.ai

Subscribe to our newsletter, Fresh Laundry, here.

Hosted on Acast. See acast.com/privacy for more information.

With over 130 bomb attacks, a record numbers of shootings, and a criminal network estimated to include over 30,000 individuals – Sweden is in the grip of an organised gang crime problem like it’s never seen before. 

The magnitude of this issue became global news when Sweden’s Prime Minister called on the military to take to the streets and help combat the violence.

In this podcast, we're moving the lens away from the violence on the streets - and looking behind the scenes - to the flow of money which fuels it. 

In this week's episode – our host, Fredrik Riiser, is joined by Jörgen Holmlund, Lecturer in Intelligence Analysis at the Swedish Defence University, as well as Viveka Strangert, Independent Consultant and Speaker.

They discuss the current issues, the connections to money laundering, and the techniques to combat it.

Producer: Matthew Dunne-Miles

Engineers: Dominic Delargy, Nicholas Thon

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The Laundry podcast: Dive deep into the intricacies of financial crime, AML (anti-money laundering), compliance, sanctions, and the ever-evolving landscape of financial regulation.

Hosted by Marit Rødevand and Fredrik Riiser – this podcast features renowned experts from sectors such as banking, fintech, compliance, and investigative journalism.

Together, they shed light on the industry's trending topics, analyse mainstream news through a compliance-focused lens, and connect the fight against financial crime to its real-world consequences and ramifications.

The Laundry is proudly produced by Strise, an AML intelligence system.

Get in touch at: laundry@strise.ai

Subscribe to our newsletter, Fresh Laundry, here.

Hosted on Acast. See acast.com/privacy for more information.

If you’ve picked up a British newspaper, switched on the TV, logged on to social media, or attended a political party conference – there is one word you will have come across again and again…. 

De-Banked! 

British politicians and media figures are in uproar about bank accounts being shut down or applications being rejected - reportedly due to political connections and beliefs.

The term ‘politically exposed persons’ – previously only known to compliance nerds – has suddenly become a mainstream talking point.

In this week's episode – our host, Marit Rødevand, is joined by Phil Coole, MRLO and Head of Compliance at OakNorth Bank, and James Nurse, Managing Director at Fintrail.

The panel discuss: what is a politically exposed person in 2023, whether political views matter, and the real world consequences of not getting this right.

Producer: Matthew Dunne-Miles

Engineers: Dominic Delargy, Andrea Busco

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The Laundry podcast: Dive deep into the intricacies of financial crime, AML (anti-money laundering), compliance, sanctions, and the ever-evolving landscape of financial regulation.

Hosted by Marit Rødevand and Fredrik Riiser – this podcast features renowned experts from sectors such as banking, fintech, compliance, and investigative journalism.

Together, they shed light on the industry's trending topics, analyse mainstream news through a compliance-focused lens, and connect the fight against financial crime to its real-world consequences and ramifications.

The Laundry is proudly produced by Strise, an AML intelligence system.

Get in touch at: laundry@strise.ai

Subscribe to our newsletter, Fresh Laundry, here.

Hosted on Acast. See acast.com/privacy for more information.

You receive a call.

Your account has been compromised – you need to move all your funds to a different secure account. 

The person on the other end is from "your bank" and ready to "help you out" - if you just give them all your banking information. 

We’ve all seen this situation play out – whether to ourselves, family members, or friends.

The scam call is a universal problem - with  $10 billion stolen from senior citizens in the US in 2022 and 45 million UK citizens receiving texts or calls in the space of three months. 

So can this hugely lucrative scam industry be stopped? 

In this week's episode – our host, Marit Rødevand, is joined by Neira Jones, Consultant and Panel Member of the Payment Systems Regulator, and Veronica Glab, Head of Partnerships at Innovate Finance.

The panel discuss: the issue of scam calls and texts for financial services of all kinds, the biggest challenges in tackling this issue, and whether we can ever truly kill the scam call.

Producer: Matthew Dunne-Miles

Engineers: Dominic Delargy, Nicholas Thon

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The Laundry podcast: Dive deep into the intricacies of financial crime, AML (anti-money laundering), compliance, sanctions, and the ever-evolving landscape of financial regulation.

Hosted by Marit Rødevand and Fredrik Riiser – this podcast features renowned experts from sectors such as banking, fintech, compliance, and investigative journalism.

Together, they shed light on the industry's trending topics, analyse mainstream news through a compliance-focused lens, and connect the fight against financial crime to its real-world consequences and ramifications.

The Laundry is proudly produced by Strise, an AML intelligence system.

Get in touch at: laundry@strise.ai

Subscribe to our newsletter, Fresh Laundry, here.

Hosted on Acast. See acast.com/privacy for more information.

Due Diligence, Enhanced Due Diligence, Ongoing Due Diligence, Know Your Customer, and Know Your Business – if you’re reading this then you’re more than likely familiar with these terms.

But just because these concepts are well-known – it doesn’t mean they aren't constantly evolving in the dynamic world of compliance!

These due diligence basics have huge consequences from everything from company reputation, onboarding speed, generating revenue, to stopping financial crime in its tracks. 

In this week's episode – our expert host, Marit Rødevand, is joined by Jaypee Soule, Head of Second Line Compliance at Pensionbee, and Heili Veskimeister, Head of EU Compliance and MLRO at Lightyear.

Together the panel discuss, the biggest challenges with the current KYC system, the relevance of automation and global standardisation, and what should be on the roadmap of all compliance professionals in 2024.

Producer: Matthew Dunne-Miles

Engineers: Dominic Delargy, Nicholas Thon

Additional music: "Skipping in the No Standing Zone" by Peter Gresser

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The Laundry podcast: Dive deep into the intricacies of financial crime, AML (anti-money laundering), compliance, sanctions, and the ever-evolving landscape of financial regulation.

Hosted by Marit Rødevand and Fredrik Riiser – this podcast features renowned experts from sectors such as banking, fintech, compliance, and investigative journalism.

Together, they shed light on the industry's trending topics, analyse mainstream news through a compliance-focused lens, and connect the fight against financial crime to its real-world consequences and ramifications.

The Laundry is proudly produced by Strise, an AML intelligence system.

Get in touch at: laundry@strise.ai

Subscribe to our newsletter, Fresh Laundry, here.

Hosted on Acast. See acast.com/privacy for more information.

Following the invasion of Ukraine in 2022, Russia became the most-sanctioned country in the world – with more than 14,000 sanctions currently in place. 

Despite this, the intricate and undisclosed relationships between the Russian nationals and European businesses remain intact and active.

This is best demonstrated by the story we’re focussing on today: a French businessman allegedly putting specialist microchips into the hands of the Russian military through a complex chain of transactions. 

In this week's episode – our expert host, Marit Rødevand, is joined by Financial Times journalists Max Seddon and Chris Cook.

The panel discuss: what Russia is smuggling from Europe, how these trades continue to operate amid heavy sanctions, and the real world consequences of these shady business deals.

Read the full article from Max and Chris here.

Producer: Matthew Dunne-Miles

Engineers: Dominic Delargy, Nicholas Thon

Additional music: "Skipping in the No Standing Zone" by Peter Gresser

____________________________________

The Laundry podcast: Dive deep into the intricacies of financial crime, AML (anti-money laundering), compliance, sanctions, and the ever-evolving landscape of financial regulation.

Hosted by Marit Rødevand and Fredrik Riiser – this podcast features renowned experts from sectors such as banking, fintech, compliance, and investigative journalism.

Together, they shed light on the industry's trending topics, analyse mainstream news through a compliance-focused lens, and connect the fight against financial crime to its real-world consequences and ramifications.

The Laundry is proudly produced by Strise, the AML Automation Cloud..

Get in touch at: laundry@strise.ai

Subscribe to our newsletter, Fresh Laundry, here.

Hosted on Acast. See acast.com/privacy for more information.

November 30th marked exactly a year since the launch of OpenAI’s ChatGPT.

Since then we’ve seen: a record 1 million users in just five days, now more than 180 million active users across the globe, and their first product has already become a verb! 

This is a faster explosion than anything we’ve seen since the dot com boom and – despite boardroom fallouts and high profile firings and re-hirings – the company has changed the landscape when it comes to generative AI. 

This isn’t a fad, it isn’t going away, and it’s going to alter financial crime and the fight against it in so many ways.

In this week's episode – our expert host, Marit Rødevand, is joined by John Davidson, Director, Ernst & Young LLP (known as EY)

They discuss the rise of generative AI impacting the compliance industry, the supercharged threats that ChatGPT creates in financial crime, and how AML and Compliance professionals prepare for the future.

Producer: Matthew Dunne-Miles

Engineers: Dominic Delargy, Nicholas Thon

Additional music: "Skipping in the No Standing Zone" by Peter Gresser

The views reflected in this podcast are the views of the participants and do not necessarily reflect the views of the global EY organisation or its member firms.

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The Laundry podcast: Dive deep into the intricacies of financial crime, AML (anti-money laundering), compliance, sanctions, and the ever-evolving landscape of financial regulation.

Hosted by Marit Rødevand and Fredrik Riiser – this podcast features renowned experts from sectors such as banking, fintech, compliance, and investigative journalism.

Together, they shed light on the industry's trending topics, analyse mainstream news through a compliance-focused lens, and connect the fight against financial crime to its real-world consequences and ramifications.

The Laundry is proudly produced by Strise, an AML Automation Cloud..

Get in touch at: laundry@strise.ai

Subscribe to our newsletter, Fresh Laundry, here.

Hosted on Acast. See acast.com/privacy for more information.

It’s our final episode of the season and it’s time for some reflection at the end of the 2023!

While financial crime continues to make big headlines all over the globe - we’ve gone into the archives and pulled out the stories which will still be important in 2024 and beyond. 

In this week's episode – our expert host, Marit Rødevand, is joined by Jessica Cath, Head of Financial Crime at Thistle Initiatives, and Neil Donovan, Senior Associate at Ashurst,

The panel discuss: combatting organised crime, preparing for deepfakes calls from 'customers', and whether de-banking will be still be on the front of every newspaper in 2024!

Stories dicussed:

• Mexican cartels are fifth-largest employers in the country, study finds
• Voice deepfakes are coming for your bank balance
• UK's Hunt says he will change law to stop political 'de-banking'

Producer: Matthew Dunne-Miles

Engineers: Dominic Delargy, Nicholas Thon

Additional music: "Skipping in the No Standing Zone" by Peter Gresser

____________________________________

The Laundry podcast: Dive deep into the intricacies of financial crime, AML (anti-money laundering), compliance, sanctions, and the ever-evolving landscape of financial regulation.

Hosted by Marit Rødevand and Fredrik Riiser – this podcast features renowned experts from sectors such as banking, fintech, compliance, and investigative journalism.

Together, they shed light on the industry's trending topics, analyse mainstream news through a compliance-focused lens, and connect the fight against financial crime to its real-world consequences and ramifications.

The Laundry is proudly produced by Strise, an AML Automation Cloud..

Get in touch at: laundry@strise.ai

Subscribe to our newsletter, Fresh Laundry, here.

Hosted on Acast. See acast.com/privacy for more information.

(Episode in Norwegian) Velkommen til en innsiktsfull bonus-episode tatt opp live fra DNB sitt Banksjefseminar. I denne episoden samler vi noen av de fremste ekspertene innen finanssektoren for en grundig analyse av AML og hvordan teknologi kan brukes for å møte dagens og fremtidens utfordringer.

I paneldiskusjonen har vi æren av å presentere topp eksperter på feltet. Du vil få unike perspektiver og dyptgående kunnskap fra Hege Hagen, hvitvaskingssjef i DNB, Kjersti Aksnes Gjesdahl, partner i PwC, og Endre Jo Reite, Direktør for personmarkedet i BN Bank. Gled deg også til en engasjerende og interaktiv Q&A-seanse med publikum.

Sett deg godt til rette og gjør deg klar for en episode fylt med spennende diskusjoner, nyttige innsikter og praktiske råd fra noen av de mest kunnskapsrike stemmene i finansbransjen.

Temaene som diskuteres er:

1. Geopolitiske spenningsfelt: Hvordan påvirker de AML og compliance i banknæringen?
2. Fremtidens AML-utfordringer: I en verden av usikkerhet, hva blir de primære utfordringene fremover?
3. Teknologi som hjelpemiddel: Beste praksiser for bruk av teknologi i kampen mot finansiell kriminalitet.
4. Suksesshistorier: Hvordan har teknologiske fremskritt forbedret AML-arbeidet?
5. Implementering i lokalbanker: Nøkkelstegene for AML-automatisering.
6. Kunstig intelligens (KI) og automasjon: Perspektiver på AI i finansiell kriminalitetsbekjempelse.

Hosted on Acast. See acast.com/privacy for more information.

The podcast connecting AML, compliance and financial crime to the real world is back with 12 fresh episodes – with your hosts Marit Rodevand and Fredrik Riiser.

We lift the lid on the unassuming, uncover the corruption underneath, and champion those working hard to fight it. 

Forget corporate webinars and boring white papers - we’re reminding you why this work really matters! 

The first episode of this new season will be on all podcast platforms next Thursday. 

Subscribe now and don’t miss a thing. 

Producer: Matthew Dunne-Miles

Engineers: Dominic Delargy, Nicholas Thon

____________________________________

The Laundry podcast: Dive deep into the intricacies of financial crime, AML (anti-money laundering), compliance, sanctions, and the ever-evolving landscape of financial regulation.

Hosted by Marit Rødevand and Fredrik Riiser – this podcast features renowned experts from sectors such as banking, fintech, compliance, and investigative journalism.

Together, they shed light on the industry's trending topics, analyse mainstream news through a compliance-focused lens, and connect the fight against financial crime to its real-world consequences and ramifications.

The Laundry is proudly produced by Strise, an AML Automation Cloud..

Get in touch at: laundry@strise.ai

Subscribe to our newsletter, Fresh Laundry, here.

Hosted on Acast. See acast.com/privacy for more information.

In Phillip K. Dick’s classic sci-fi novel Minority Report, by the year 2054, future crimes are predicted and solved before they happen using psychic abilities.

We’re not there (yet) – but we can call on specialists and experts to draw on their own experiences and look at what will be coming in financial crime and the fight against it in 2024.   

In the first episode of 2024 – our expert host, Marit Rødevand, is joined by Maria Nizzero, Research Fellow at the Centre for Financial Crime and Security Studies, RUSI.

Marit and Maria discuss: The issues from 2023 are we not done with yet, the threats, events, and regulation that will shape this year, and what the industry's new year's resolutions should be!

Producer: Matthew Dunne-Miles

Engineers: Dominic Delargy, Andrea Busco

____________________________________

The Laundry podcast: Dive deep into the intricacies of financial crime, AML (anti-money laundering), compliance, sanctions, and the ever-evolving landscape of financial regulation.

Hosted by Marit Rødevand and Fredrik Riiser – this podcast features renowned experts from sectors such as banking, fintech, compliance, and investigative journalism.

Together, they shed light on the industry's trending topics, analyse mainstream news through a compliance-focused lens, and connect the fight against financial crime to its real-world consequences and ramifications.

The Laundry is proudly produced by Strise, an AML Automation Cloud..

Get in touch at: laundry@strise.ai

Subscribe to our newsletter, Fresh Laundry, here.

Hosted on Acast. See acast.com/privacy for more information.

The start of a new year often means money is flowing and big plans for the new year are being put into place. 

Statistics from LexisNexis suggest £34.2 billion is spent each year on financial crime compliance by financial services in the UK.

So how do you make sure that all spending is going in all the right places? 

In the latest episode of The Laundry – our expert host, Marit Rødevand, is joined by Emma Hagan, Chief Risk and Compliance Officer at ClearBank.

Together they discuss: the challenges of getting a budget signed off internally, the essential spending for banks and financial services of all sizes, and the room for experimentation.

Producer: Matthew Dunne-Miles

Engineers: Dominic Delargy, Nicholas Thon

____________________________________

This February, we’re asking: KY-Be My Valentine?

We’re recording The Laundry live on February 8th at Shoreditch Studios in London – bringing you killer keynotes, expert guests, hot takes, and networking too.

If you can’t make it to London, we’ll also be streaming the whole thing on February 9th on Youtube.

• Join us in-person
• Join us on the livestream

____________________________________

The Laundry podcast: Dive deep into the intricacies of financial crime, AML (anti-money laundering), compliance, sanctions, and the ever-evolving landscape of financial regulation.

Hosted by Marit Rødevand and Fredrik Riiser – this podcast features renowned experts from sectors such as banking, fintech, compliance, and investigative journalism.

Together, they shed light on the industry's trending topics, analyse mainstream news through a compliance-focused lens, and connect the fight against financial crime to its real-world consequences and ramifications.

The Laundry is proudly produced by Strise, an AML Automation Cloud..

Get in touch at: laundry@strise.ai

Subscribe to our newsletter, Fresh Laundry, here.

Hosted on Acast. See acast.com/privacy for more information.

Ask yourself: What are the first three words that come to your mind when you think of insurance?

Security? protection? safety?

I doubt many would think: money laundering, global terrorism, or criminal conspiracy.

But the insurance industry, built on trust, has a troubling issue with dark money being washed through it. 

In the latest episode of The Laundry – our expert host, Fredrik Riiser, is joined by Tara Abdi, Head of Compliance Financial Crime, Länsförsäkringar

The pair discuss: the exposed risks of the insurance industry, the challenges in fighting those risks, and how compliance professionals can stop the industry being exploited.

Producer: Matthew Dunne-Miles

Engineers: Dominic Delargy, Nicholas Thon

____________________________________

This February, we’re asking: KY-Be My Valentine?

We’re recording The Laundry live on February 8th at Shoreditch Studios in London – bringing you killer keynotes, expert guests, hot takes, and networking too.

If you can’t make it to London, we’ll also be streaming the whole thing on February 9th on Youtube.

• Join us in-person
• Join us on the livestream

____________________________________

The Laundry podcast: Dive deep into the intricacies of financial crime, AML (anti-money laundering), compliance, sanctions, and the ever-evolving landscape of financial regulation.

Hosted by Marit Rødevand and Fredrik Riiser – this podcast features renowned experts from sectors such as banking, fintech, compliance, and investigative journalism.

Together, they shed light on the industry's trending topics, analyse mainstream news through a compliance-focused lens, and connect the fight against financial crime to its real-world consequences and ramifications.

The Laundry is proudly produced by Strise, an AML Automation Cloud..

Get in touch at: laundry@strise.ai

Subscribe to our newsletter, Fresh Laundry, here.

Hosted on Acast. See acast.com/privacy for more information.

Money Laundering Reporting Officers are a vital component of financial services - a crucial link between companies, the risks they face, and the authorities.

But recently, the UK’s Financial Conduct Authority sent a warning to hundreds of companies who had burned through three or more MLROs in just three years!

So, what does this tell us about the pressures and expectation on this role?

In the latest episode of The Laundry – our expert host, Marit Rødevand, is joined by Adam Vilaça, Principal Consultant at Pathlight Associates and former-MLRO.

They discuss: the problems with the MLRO role today, how to stop the ‘revolving door’ situation, and comments from The Laundry community.

Producer: Matthew Dunne-Miles

Engineers: Dominic Delargy, Nicholas Thon

____________________________________

This February, we’re asking: KY-Be My Valentine?

We’re recording The Laundry live on February 8th at Shoreditch Studios in London – bringing you killer keynotes, expert guests, hot takes, and networking too.

If you can’t make it to London, we’ll also be streaming the whole thing on February 9th on Youtube.

• Join us in-person
• Join us on the livestream

____________________________________

The Laundry podcast: Dive deep into the intricacies of financial crime, AML (anti-money laundering), compliance, sanctions, and the ever-evolving landscape of financial regulation.

Hosted by Marit Rødevand and Fredrik Riiser – this podcast features renowned experts from sectors such as banking, fintech, compliance, and investigative journalism.

Together, they shed light on the industry's trending topics, analyse mainstream news through a compliance-focused lens, and connect the fight against financial crime to its real-world consequences and ramifications.

The Laundry is proudly produced by Strise, an AML Automation Cloud.

Get in touch at: laundry@strise.ai

Subscribe to our newsletter, Fresh Laundry, here.

Hosted on Acast. See acast.com/privacy for more information.

Every political election is pitched as the biggest and most significant – but in 2024, more than half the world's population (that’s four billion people) will asked to go out and vote. 

But alongside the political promises and photo opportunities – elections across this year are set to be impacted by dark money and shady influence through back channels.

In the latest episode of The Laundry – our expert host, Marit Rødevand, is joined by Peter Geoghegan, Investigative Journalist at OCCRP and Democracy for Sale Substack, as well as Susan Hawley, Executive Director of Spotlight on Corruption.

They discuss: how financial crime happens in elections and who benefits from it, the tools we need to combat corruption, and whether dark money can really decide who wins an election.

Producer: Matthew Dunne-Miles

Engineers: Dominic Delargy, Andrea Busco

____________________________________

This February, we’re asking: KY-Be My Valentine?

We’re recording The Laundry live on February 8th at Shoreditch Studios in London – bringing you killer keynotes, expert guests, hot takes, and networking too.

If you can’t make it to London, we’ll also be streaming the whole thing on February 9th on Youtube.

• Join us in-person
• Join us on the livestream

____________________________________

The Laundry podcast: Dive deep into the intricacies of financial crime, AML (anti-money laundering), compliance, sanctions, and the ever-evolving landscape of financial regulation.

Hosted by Marit Rødevand and Fredrik Riiser – this podcast features renowned experts from sectors such as banking, fintech, compliance, and investigative journalism.

Together, they shed light on the industry's trending topics, analyse mainstream news through a compliance-focused lens, and connect the fight against financial crime to its real-world consequences and ramifications.

The Laundry is proudly produced by Strise, an AML Automation Cloud.

Get in touch at: laundry@strise.ai

Subscribe to our newsletter, Fresh Laundry, here.

Hosted on Acast. See acast.com/privacy for more information.

Roses are red, violets are blue. Sanctions are working – or is that statement untrue?

With global tensions rising; sanctions have moved from the subjects of industry reports to the topic of presidents, prime ministers, and leaders across the world.

In the latest episode of The Laundry – our expert host, Marit Rødevand, is joined on-stage in London by Chloe Cina, Partner in Morrison Foerster’s National Security Practice, Emil Dall, Senior Consultant and Sanctions Lead at FINTRAIL, and Simon Lock, reporter at The Bureau of Investigative Journalism.

The panel discuss: whether sanctions are working as hoped, how to combat challenges like fatigue, and whether we need to rip up the rulebook and start over!

Producer: Matthew Dunne-Miles

Engineers: Dominic Delargy, Nicholas Thon, Michael Bailey, and Fresh Productions

____________________________________

The Laundry podcast: Dive deep into the intricacies of financial crime, AML (anti-money laundering), compliance, sanctions, and the ever-evolving landscape of financial regulation.

Hosted by Marit Rødevand and Fredrik Riiser – this podcast features renowned experts from sectors such as banking, fintech, compliance, and investigative journalism.

Together, they shed light on the industry's trending topics, analyse mainstream news through a compliance-focused lens, and connect the fight against financial crime to its real-world consequences and ramifications.

The Laundry is proudly produced by Strise, an AML Automation Cloud.

Get in touch at: laundry@strise.ai

Subscribe to our newsletter, Fresh Laundry, here.

Hosted on Acast. See acast.com/privacy for more information.

(Episode in Norwegian) I denne spesielle bonus-episoden tar vi for oss en nyhetssak som har dominert flere norske medier den siste tiden – nemlig utfordringene i samarbeidet mellom Økokrim og bankene i kampen mot hvitvasking. Mangelen på ressurser, teknologiske utfordringer, og en følelse av frustrasjon fra både myndighetene og bankene.

I denne episoden av The Laundry – får Marit besøk av Terje Aleksander Fjeldvær, sjef for AML i DNB, og Økokrim-sjef, Pål Lønseth i studio.

Gjennom ærlige samtaler og innsikt, åpner denne episoden for en dypere forståelse av hvordan Økokrim og regulerte sektorer arbeider sammen for å styrke forsvarslinjene mot kriminelle aktører, og gir et innblikk i veien fremover for effektivt samarbeid og innovasjon i kampen mot økonomisk kriminalitet.

Producers: Lars Lunde Birkeland, Matthew Dunne-Miles

Engineers, Nicholas Thon, Dominic Delargy

____________________________________

The Laundry podcast: Dive deep into the intricacies of financial crime, AML (anti-money laundering), compliance, sanctions, and the ever-evolving landscape of financial regulation.

Hosted by Marit Rødevand and Fredrik Riiser – this podcast features renowned experts from sectors such as banking, fintech, compliance, and investigative journalism.

Together, they shed light on the industry's trending topics, analyse mainstream news through a compliance-focused lens, and connect the fight against financial crime to its real-world consequences and ramifications.

The Laundry is proudly produced by Strise, the AML Automation Cloud.

Get in touch at: laundry@strise.ai

Subscribe to our newsletter, Fresh Laundry, here.

Hosted on Acast. See acast.com/privacy for more information.

Elon Musk, owner of ‘X’ (or Twitter), has announced plans to turn the social media platform into an app that is the centre of ‘someone’s entire financial life”. 

But while Musk may be one of the original founders of PayPal, there is a lot which needs to be worked out from a compliance perspective when turning a social media site into a financial tool capable of replacing the banking system. 

In the latest episode of The Laundry – our expert host, Marit Rødevand, is joined by Jason Mikula, Publisher of Fintech Business Weekly to discuss what Elon Musk needs to know about AML and compliance.

The pair discuss: how Musk envisions Twitter's move into financial services, the compliance hurdles needed to be jumped to get there, and how easy it is to move from posting to paying.

Producer: Matthew Dunne-Miles

Engineers: Dominic Delargy, Nicholas Thon

____________________________________

The Laundry podcast: Dive deep into the intricacies of financial crime, AML (anti-money laundering), compliance, sanctions, and the ever-evolving landscape of financial regulation.

Hosted by Marit Rødevand and Fredrik Riiser – this podcast features renowned experts from sectors such as banking, fintech, compliance, and investigative journalism.

Together, they shed light on the industry's trending topics, analyse mainstream news through a compliance-focused lens, and connect the fight against financial crime to its real-world consequences and ramifications.

The Laundry is proudly produced by Strise, an AML Automation Cloud.

Get in touch at: laundry@strise.ai

Subscribe to our newsletter, Fresh Laundry, here.

Hosted on Acast. See acast.com/privacy for more information.

We are witnessing the birth of a new criminal class complicating life for authorities, AML professionals, and law enforcement.

In today’s episode, our expert host Fredrik Riiser presents the rise of state-backed gangsters.

Miles Johnson is investigative reporter for the Financial Times and he recently joined us live on-stage in Shoreditch to deliver a fascinating keynote on this timely subject.

This episode, we’re bringing those insights to you!

Listen in to hear about: North Korean hackers stealing two billion dollars of cash and crypto assets, planned executions by members of a motorcycle gang, and a shady crime boss known as 'Big Guy'.

You can check out Miles' podcast Hot Money: The New Narcos here.

You can buy his book Chasing Shadows: A True Story of Drugs, War and the Secret World of International Crime here.

Producer: Matthew Dunne-Miles

Engineer: Nicholas Thon, Dominic Delargy, Michael Bailey, and Fresh Productions

____________________________________

The Laundry podcast: Dive deep into the intricacies of financial crime, AML (anti-money laundering), compliance, sanctions, and the ever-evolving landscape of financial regulation.

Hosted by Marit Rødevand and Fredrik Riiser – this podcast features renowned experts from sectors such as banking, fintech, compliance, and investigative journalism.

Together, they shed light on the industry's trending topics, analyse mainstream news through a compliance-focused lens, and connect the fight against financial crime to its real-world consequences and ramifications.

The Laundry is proudly produced by Strise, the AML Automation Cloud.

Get in touch at: laundry@strise.ai

Subscribe to our newsletter, Fresh Laundry, here.

Hosted on Acast. See acast.com/privacy for more information.

You may have seen the Netflix documentaries, TikTok sagas, or long-read articles about charming con artists using elaborate stories to extract life savings from their victims – using affection to mask their true aims.

But this isn’t just the subject of true crime stories; this is real life and it’s happening right now.

The UK’s National Fraud Intelligence Bureau has revealed they received more than 8,000 reports of romance fraud in the last full financial year. That nearly 30 new victims coming forward per day - with many more feeling too embarrassed or ashamed to do so.

In the latest episode of The Laundry – our expert host, Marit Rødevand, is joined by Anna Rowe, Co-Founder of LoveSaid, and Simon Miller, Director of Policy and Communications at Stop Scams UK.

The panel discuss: the biggest challenges in tackling romance fraud, the solutions needed from the compliance industry, and the importance of post-fraud support for victims.

Producer: Matthew Dunne-Miles

Engineers: Dominic Delargy, Nicholas Thon

____________________________________

The Laundry podcast: Dive deep into the intricacies of financial crime, AML (anti-money laundering), compliance, sanctions, and the ever-evolving landscape of financial regulation.

Hosted by Marit Rødevand and Fredrik Riiser – this podcast features renowned experts from sectors such as banking, fintech, compliance, and investigative journalism.

Together, they shed light on the industry's trending topics, analyse mainstream news through a compliance-focused lens, and connect the fight against financial crime to its real-world consequences and ramifications.

The Laundry is proudly produced by Strise, the AML Automation Cloud.

Get in touch at: laundry@strise.ai

Subscribe to our newsletter, Fresh Laundry, here.

Hosted on Acast. See acast.com/privacy for more information.

Sweden is the global poster-child of the journey to completely digital transactions – with the number of Swedes using cash falling from 39% in 2010 to just 9% in 2020.  

But; does a cashless society offer only benefits, or do we need to consider the financial crime risks this creates – as well as those it stops?

In the latest episode of The Laundry – our expert host, Fredrik Riiser is joined by Kajsa Nordborg, Head of AML at Loomis.

The panel discuss: how global wars and cyber-terrorism can leave digital systems vulnerable to disruption, the groups which rely on cash to protect their privacy and health, and whether Sweden will ever go completely cashless.

"The Fika Song" is by Saint Sanj

Producer: Matthew Dunne-Miles

Engineers: Dominic Delargy, Nicholas Thon

____________________________________

The Laundry podcast: Dive deep into the intricacies of financial crime, AML (anti-money laundering), compliance, sanctions, and the ever-evolving landscape of financial regulation.

Hosted by Marit Rødevand and Fredrik Riiser – this podcast features renowned experts from sectors such as banking, fintech, compliance, and investigative journalism.

Together, they shed light on the industry's trending topics, analyse mainstream news through a compliance-focused lens, and connect the fight against financial crime to its real-world consequences and ramifications.

The Laundry is proudly produced by Strise, the AML Automation Cloud.

Get in touch at: laundry@strise.ai

Subscribe to our newsletter, Fresh Laundry, here.

Hosted on Acast. See acast.com/privacy for more information.

The Wirecard scandal has become the subject of legend in the financial industry.

The German payments company, formerly worth tens of billions of euros, collapsed following the exposure of massive accounting fraud and financial misconduct.

The fall of Wirecard sent shockwaves across the financial industry as well as right to the very top of politics, but none of it would have been possible without the actions of a whistleblower.

To call out financial misconduct and illegal practices takes enormous strength, courage and determination – but what are the costs for the individuals involved and what does this look like in a post-Wirecard world? 

In the latest episode of The Laundry – our expert host, Marit Rødevand, is joined by Pav Gill, Founder & CEO of Confide.

The pair discuss: Pav's journey from whistleblower to founder, the hidden impact of calling out wrongdoing, and how whistleblowing will look going forward.

Producer: Matthew Dunne-Miles

Engineers: Dominic Delargy, Nicholas Thon

____________________________________

The Laundry podcast: Dive deep into the intricacies of financial crime, AML (anti-money laundering), compliance, sanctions, and the ever-evolving landscape of financial regulation.

Hosted by Marit Rødevand and Fredrik Riiser – this podcast features renowned experts from banking, fintech, compliance, and investigative journalism.

Together, they shed light on the industry's trending topics, analyse mainstream news through a compliance-focused lens, and connect the fight against financial crime to its real-world consequences and ramifications.

The Laundry is proudly produced by Strise, an AML Automation Cloud.

Get in touch at: laundry@strise.ai

Subscribe to our newsletter, Fresh Laundry, here.

Hosted on Acast. See acast.com/privacy for more information.

Some pretty shocking statistics surfaced recently from an enquiry by the UK’s Treasury Committee looking into access to finance.

Obtaining data from eight UK banks - the committee found that more than 140,000 accounts held by small and medium-sized enterprises (SMEs) were forcibly closed in the past year.

 Following hot on the heels of the Nigel Farage Coutts drama – as well as the country’s recent dip into a recession – these figures raise concerns about how the backbone of the UK economy is being served by the banking industry.

So is this a real issue? Or a storm in a teacup?

In the latest episode of The Laundry – our expert host, Marit Rødevand, is joined by James Nurse, Managing Director of Fintrail, and Neil Donovan, Senior Associate at Ashurst,

The panel discuss: Why thousands of businesses are being de-banked, the legitimacy of compliance concerns raised by banks, and how we make the system better at spotting bad actors and front organisations.

Producer: Matthew Dunne-Miles

Engineers: Dominic Delargy, Nicholas Thon

____________________________________

The Laundry podcast: Dive deep into the intricacies of financial crime, AML (anti-money laundering), compliance, sanctions, and the ever-evolving landscape of financial regulation.

Hosted by Marit Rødevand and Fredrik Riiser – this podcast features renowned experts from banking, fintech, compliance, and investigative journalism.

Together, they shed light on the industry's trending topics, analyse mainstream news through a compliance-focused lens, and connect the fight against financial crime to its real-world consequences and ramifications.

The Laundry is proudly produced by Strise, an AML Automation Cloud.

Get in touch at: laundry@strise.ai

Subscribe to our newsletter, Fresh Laundry, here.

Hosted on Acast. See acast.com/privacy for more information.

We're a financial crime podcast, and of course, we're jumping on a viral trend – but making it our own!

The Laundry is back with 12 new episodes starting next week.

Join our expert hosts, Marit Rødevand and Fredrik Riiser, as they embark on a journey to connect the world of compliance, AML, and financial crime to its real world consequences.

Rediscover why this work matters!

Producer: Matthew Dunne-Miles

Engineers: Dominic Delargy, Nicholas Thon

____________________________________

The Laundry podcast: Dive deep into the intricacies of financial crime, AML (anti-money laundering), compliance, sanctions, and the ever-evolving landscape of financial regulation.

Hosted by Marit Rødevand and Fredrik Riiser – this podcast features renowned experts from banking, fintech, compliance, and investigative journalism.

Together, they shed light on the industry's trending topics, analyse mainstream news through a compliance-focused lens, and connect the fight against financial crime to its real-world consequences and ramifications.

The Laundry is proudly produced by Strise, an AML Automation Cloud.

Get in touch at: laundry@strise.ai

Subscribe to our newsletter, Fresh Laundry, here.

Get your free tickets for our live show in Stockholm, here.

Hosted on Acast. See acast.com/privacy for more information.

Whisper it quietly, but crypto might be back.

The industry is feeling confident following a few tough years, with Bitcoin’s market value skyrocketing, bills passing through U.S Congress, gold credit cards, and sushi served on scantily clad models at industry parties...

But, alongside this fresh industry confidence, there is the backdrop of FTX founder - Sam Bankman-Fried - being sentenced to 25 years in prison, Binance executives going through the courts in Nigeria, and billions of dollars evading sanctions and being sent to Russia via cryptocurrency exchanges. 

So, where does all this leave us as we approach a new crypto boom? 

In the latest episode of The Laundry – our expert host, Marit Rødevand, is joined by Jessica Cath, Head of Financial Crime at Thistle Initiatives, and James Young, Head of Compliance & MLRO at Transak.

The panel discuss: the lessons learned from crypto’s rise to the mainstream, the challenges still to overcome for compliance professionals, what the future holds in terms of new regulation.

Producer: Matthew Dunne-Miles

Engineers: Dominic Delargy, Nicholas Thon

____________________________________

The Laundry podcast: Dive deep into the intricacies of financial crime, AML (anti-money laundering), compliance, sanctions, and the ever-evolving landscape of financial regulation.

Hosted by Marit Rødevand and Fredrik Riiser – this podcast features renowned experts from banking, fintech, compliance, and investigative journalism.

Together, they shed light on the industry's trending topics, analyse mainstream news through a compliance-focused lens, and connect the fight against financial crime to its real-world consequences and ramifications.

The Laundry is proudly produced by Strise, an AML Automation Cloud.

Get in touch at: laundry@strise.ai

Subscribe to our newsletter, Fresh Laundry, here.

Get your free tickets for our live show in Stockholm, here.

Hosted on Acast. See acast.com/privacy for more information.

This podcast is coming to you from the floor of Penningtvättsdagarna - Sweden’s biggest event focussed on professionals combating financial crime.

So what better time to look at the challenges which have compliance professionals reaching for the stress ball? If you’re ever been wide awake in the night thinking about data breaches, new policy procedures, or audits - this episode is for you!

In the latest episode of The Laundry – our expert host, Fredrik Riiser, is joined by Åsa Birgersdotter, Head of Group AML & CFT at Handelsbanken, and Erik Blommé, Director & Head of AML Supervision, at Finansinspektionen.

The panel discuss: the biggest challenges facing the industry in 2024, how we can find solutions going forward, and how we better support those looking to fight financial crime.

Producer: Matthew Dunne-Miles

Engineers: Dominic Delargy, Nicholas Thon

____________________________________

The Laundry podcast: Dive deep into the intricacies of financial crime, AML (anti-money laundering), compliance, sanctions, and the ever-evolving landscape of financial regulation.

Hosted by Marit Rødevand and Fredrik Riiser – this podcast features renowned experts from banking, fintech, compliance, and investigative journalism.

Together, they shed light on the industry's trending topics, analyse mainstream news through a compliance-focused lens, and connect the fight against financial crime to its real-world consequences and ramifications.

The Laundry is proudly produced by Strise, an AML Automation Cloud.

Get in touch at: laundry@strise.ai

Subscribe to our newsletter, Fresh Laundry, here.

Get your free tickets for our live show in Stockholm, here.

Hosted on Acast. See acast.com/privacy for more information.

The beautiful game – a sport adored by billions across the world.

Fans will buy their tickets on match days and pay for subscription packages to watch all the big games. Meanwhile, wealthy owners pour fortunes to elevate their clubs to the top of the football pyramid and turn them into a valuable global brand.

But alongside all the money streaming in from passionate supporters, wealthy owners, TV deals, and big-name sponsors – there are dark avenues of finance which have made their way into these beloved institutions.

A report from the United Nations estimated that around 140 billion dollars is laundered through football every year.

So, how did the beautiful game become the playing field of financial foul play?

In the latest episode of The Laundry – our expert host, Fredrik Riiser, is joined by Fredrik Söderberg, CEO & Club Director, of AIK Fotboll.

The pair discuss: the football industry's vulnerabilities to financial crime and money laundering, the impact of upcoming EU regulation, and the need to get this right, for fans and players alike.

Producer: Matthew Dunne-Miles

Engineers: Dominic Delargy, Nicholas Thon

____________________________________

The Laundry podcast: Dive deep into the intricacies of financial crime, AML (anti-money laundering), compliance, sanctions, and the ever-evolving landscape of financial regulation.

Hosted by Marit Rødevand and Fredrik Riiser – this podcast features renowned experts from banking, fintech, compliance, and investigative journalism.

Together, they shed light on the industry's trending topics, analyse mainstream news through a compliance-focused lens, and connect the fight against financial crime to its real-world consequences and ramifications.

The Laundry is proudly produced by Strise, the AML Automation Cloud.

Get in touch at: laundry@strise.ai

Subscribe to our newsletter, Fresh Laundry, here.

Get your free tickets for our live show in Stockholm, here.

Hosted on Acast. See acast.com/privacy for more information.

What could link oligarchs and FATF grey-list countries to the world’s largest sovereign wealth fund?

The Government Pension Fund of Norway, known more commonly as the Norwegian Sovereign Wealth Fund, was established as a way to invest the country’s surplus revenues from its oil and gas sector. 

To date, the fund has reportedly put money into more than 8,500 companies in 65 countries around the world and is the largest sovereign wealth fund on the planet! 

But what happens when you take a public list of those declared investments and put them under the compliance microscope using AI? What would you find? And what does this tell us about big money investment and its appetite for risk? 

In the latest episode of The Laundry – our expert host, Marit Rødevand is joined by Robin Lycka, Solutions Architect, at Strise.

The pair discuss: the alleged links between the sovereign wealth fund, PEPs, FATF grey list countries, and Russian oligarchs, and whether the average Norwegian understands what tops up their pension.

DISCLAIMER:

Any findings or implications presented are for educational purposes only and should not be taken out of context. The data has not been confirmed or assessed by any official representatives of Norges Banks Investment Management.

List of investments can be found at nbim.no.

____________________________________

The Laundry podcast: Dive deep into the intricacies of financial crime, AML (anti-money laundering), compliance, sanctions, and the ever-evolving landscape of financial regulation.

Hosted by Marit Rødevand and Fredrik Riiser – this podcast features renowned experts from banking, fintech, compliance, and investigative journalism.

Together, they shed light on the industry's trending topics, analyse mainstream news through a compliance-focused lens, and connect the fight against financial crime to its real-world consequences and ramifications.

The Laundry is proudly produced by Strise, the AML Automation Cloud.

Get in touch at: laundry@strise.ai

Subscribe to our newsletter, Fresh Laundry, here.

Hosted on Acast. See acast.com/privacy for more information.

Live on stage at VENUE81 in Stockholm, Sweden!

AI is powerful tool in combatting financial crime and its impact can no longer be ignored. But where do we draw the line between a human professional with vast industry knowledge, and an AI fed the exact same information?

What nuances can a human detect that a language learning model might miss? Can AI truly interpret and deduce?

In the latest episode of The Laundry – our expert host, Marit Rødevand is joined live on-stage by governance, compliance and AML expert, Viveka Strangert, as well as as Christian Wandt, CEO of Mum Compliance to ask: where is the line between humans and AI in fighting financial crime?

The panel discuss: how AI is being used currently by compliance professionals, the disparity between board members and the technology, and what the future looks like as the technology evolves.

Producer: Matthew Dunne-Miles

Engineers: Dominic Delargy, Nicholas Thon

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The Laundry podcast: Dive deep into the intricacies of financial crime, AML (anti-money laundering), compliance, sanctions, and the ever-evolving landscape of financial regulation.

Hosted by Marit Rødevand and Fredrik Riiser – this podcast features renowned experts from banking, fintech, compliance, and investigative journalism.

Together, they shed light on the industry's trending topics, analyse mainstream news through a compliance-focused lens, and connect the fight against financial crime to its real-world consequences and ramifications.

The Laundry is proudly produced by Strise, the AML Automation Cloud.

Get in touch at: laundry@strise.ai

Subscribe to our newsletter, Fresh Laundry, here.

The views, opinions, and statements expressed by guests of this podcast are solely their own and do not necessarily reflect the views, opinions, or positions of the podcast hosts, The Laundry team, or Strise.

Hosted on Acast. See acast.com/privacy for more information.

Technology has drastically changed nearly every aspect our lives – but has it all been for the better?

In this episode, we are spelling out the complex relationship between money laundering and organised crime – and how technology is the ‘rocket booster’ underneath it all.

Our expert host, Marit Rødevand is joined by investigative journalist and author, Geoff White, to discuss his new book: Rinsed: From Cartels to Crypto: How the Tech Industry Washes Money for the World's Deadliest Crooks.

The pair talk about Geoff's work in finding fascinating stories of criminals exploiting tech's weaknesses, what stories of massive financial crime tell us about the current state of technology, and what the future looks like as technology and crime become more entwined.

Producer: Matthew Dunne-Miles

Engineers: Dominic Delargy, Nicholas Thon

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The Laundry podcast: Dive deep into the intricacies of financial crime, AML (anti-money laundering), compliance, sanctions, and the ever-evolving landscape of financial regulation.

Hosted by Marit Rødevand and Fredrik Riiser – this podcast features renowned experts from banking, fintech, compliance, and investigative journalism.

Together, they shed light on the industry's trending topics, analyse mainstream news through a compliance-focused lens, and connect the fight against financial crime to its real-world consequences and ramifications.

The Laundry is proudly produced by Strise, the AML Automation Cloud.

Get in touch at: laundry@strise.ai

Subscribe to our newsletter, Fresh Laundry, here.

The views, opinions, and statements expressed by guests of this podcast are solely their own and do not necessarily reflect the views, opinions, or positions of the podcast hosts, The Laundry team, or Strise.

Hosted on Acast. See acast.com/privacy for more information.

The most dramatic criminal actions can often be hidden behind the dullest of language.

'VAT Refunds’ is unlikely to have your pulse racing – but hidden within this is a financial loophole taking money from the European Union and putting directly into the hands of drug traffickers, terrorists, and criminal gangs. 

Our expert host, Marit Rødevand,  is joined by Jerker Asplund, Deputy Chief Prosecutor of Ekobrottsmyndigheten (Sweden's financial crime authority) to talk about the VAT loophole which is being used to attack the state.

The pair discuss: the rise of this specific fraud, how it is taking billions from the Swedish and EU economy, and what compliance specialists should be looking out for!

Producer: Matthew Dunne-Miles

Engineers: Dominic Delargy, Nicholas Thon

VAT explainer from iCalculator.

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The Laundry podcast: Dive deep into the intricacies of financial crime, AML (anti-money laundering), compliance, sanctions, and the ever-evolving landscape of financial regulation.

Hosted by Marit Rødevand and Fredrik Riiser – this podcast features renowned experts from banking, fintech, compliance, and investigative journalism.

Together, they shed light on the industry's trending topics, analyse mainstream news through a compliance-focused lens, and connect the fight against financial crime to its real-world consequences and ramifications.

The Laundry is proudly produced by Strise, the AML Automation Cloud.

Get in touch at: laundry@strise.ai

Subscribe to our newsletter, Fresh Laundry, here.

The views, opinions, and statements expressed by guests of this podcast are solely their own and do not necessarily reflect the views, opinions, or positions of the podcast hosts, The Laundry team, or Strise.

Hosted on Acast. See acast.com/privacy for more information.

Synthetic data comes with all sorts of hype: the next great accelerator to combat financial crime, the silver bullet of compliance – even an emerging hero!

But while this use of AI is promising, there is still plenty to be worked out and you better believe that the bad guys are utilising it too!

Our expert host, Fredrik Riiser, is joined by Dr. Janet Bastiman, Chief Data Scientist at Napier AI, to strip through the hype and look at what synthetic data can really do for compliance professionals.

The pair discuss: the capabilities of synthetic data today, the biggest challenges in its way, and what the future of fighting financial crime could be if we get this right.

Producer: Matthew Dunne-Miles

Engineers: Dominic Delargy, Nicholas Thon

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The Laundry podcast: Dive deep into the intricacies of financial crime, AML (anti-money laundering), compliance, sanctions, and the ever-evolving landscape of financial regulation.

Hosted by Marit Rødevand and Fredrik Riiser – this podcast features renowned experts from banking, fintech, compliance, and investigative journalism.

Together, they shed light on the industry's trending topics, analyse mainstream news through a compliance-focused lens, and connect the fight against financial crime to its real-world consequences and ramifications.

The Laundry is proudly produced by Strise, the AML Automation Cloud.

Get in touch at: laundry@strise.ai

Subscribe to our newsletter, Fresh Laundry, here.

The views, opinions, and statements expressed by guests of this podcast are solely their own and do not necessarily reflect the views, opinions, or positions of the podcast hosts, The Laundry team, or Strise.

Hosted on Acast. See acast.com/privacy for more information.

Running the entire compliance operations of a financial institution is no walk in the park. 

Managing a team working to keep customers safe, managing expectations of CEOs and founders, keeping across regulation and sanctions – while trying to stay ahead of criminals looking to funnel dirty money through your service.

Our expert host, Marit Rødevand, is joined by Mitch Trehan, Chief Compliance Officer at Allica Bank, to ask: what does it really take to be a chief compliance officer?

The pair discuss: how the role looks today, the challenges that cause sleepless nights, and how this role will evolve in the future.

Producer: Matthew Dunne-Miles

Engineers: Dominic Delargy, Nicholas Thon

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The Laundry podcast: Dive deep into the intricacies of financial crime, AML (anti-money laundering), compliance, sanctions, and the ever-evolving landscape of financial regulation.

Hosted by Marit Rødevand and Fredrik Riiser – this podcast features renowned experts from banking, fintech, compliance, and investigative journalism.

Together, they shed light on the industry's trending topics, analyse mainstream news through a compliance-focused lens, and connect the fight against financial crime to its real-world consequences and ramifications.

The Laundry is proudly produced by Strise, the AML Automation Cloud.

Get in touch at: laundry@strise.ai

Subscribe to our newsletter, Fresh Laundry, here.

The views, opinions, and statements expressed by guests of this podcast are solely their own and do not necessarily reflect the views, opinions, or positions of the podcast hosts, The Laundry team, or Strise.

Hosted on Acast. See acast.com/privacy for more information.

The Financial Action Task Force is hugely influential in combatting money laundering and terror financing. 

Their 'black' and 'gray' lists are powerful tools in shutting out bad actors from the world economy but also incentivising countries to fight corruption and dark money in their own systems. 

But what does it feel like to be at the top of an organisation impacting financial regulations, policies, and living standards for people across the world?

Our expert host, Marit Rødevand, is joined by T. Raja Kumar, President of the Financial Action Task Force to discuss: what it means to be FATF President.

They discuss: the role of the FATF in 2024 and the presidency, the biggest challenges facing the FATF today, how the organisation stays relevant three decades on from its foundation.

Producer: Matthew Dunne-Miles

Engineers: Dominic Delargy, Nicholas Thon

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The Laundry podcast: Dive deep into the intricacies of financial crime, AML (anti-money laundering), compliance, sanctions, and the ever-evolving landscape of financial regulation.

Hosted by Marit Rødevand and Fredrik Riiser – this podcast features renowned experts from banking, fintech, compliance, and investigative journalism.

Together, they shed light on the industry's trending topics, analyse mainstream news through a compliance-focused lens, and connect the fight against financial crime to its real-world consequences and ramifications.

The Laundry is proudly produced by Strise, the AML Automation Cloud.

Get in touch at: laundry@strise.ai

Subscribe to our newsletter, Fresh Laundry, here.

The views, opinions, and statements expressed by guests of this podcast are solely their own and do not necessarily reflect the views, opinions, or positions of the podcast hosts, The Laundry team, or Strise.

Hosted on Acast. See acast.com/privacy for more information.

A new player has entered the game in the fight against financial crime.

The Anti-Money Laundering and Countering the Financing of Terrorism Authority (AMLA) is the new entity aiming to transform AML and CFT supervision in the EU.

AMLA is gearing up to take on the 70% of criminal networks in the EU that use money laundering to fund their activities and conceal their assets.

Will this be the knock-out blow for these criminal gangs?

Our expert host, Fredrik Riiser, is joined by the European Commission's Chiara Bacchi, Team Leader for Enforcement of the EU AML/CFT Policy, and Olena Loboiko, Policy Officer.

They discuss: new legislation shaking up the EU's response to financial crime, what AMLA will look like, its impact on EU citizens and compliance professionals.

Producer: Matthew Dunne-Miles

Engineers: Dominic Delargy, Nicholas Thon, and the team at the European Commission.

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The Laundry podcast: Dive deep into the intricacies of financial crime, AML (anti-money laundering), compliance, sanctions, and the ever-evolving landscape of financial regulation.

Hosted by Marit Rødevand and Fredrik Riiser – this podcast features renowned experts from banking, fintech, compliance, and investigative journalism.

Together, they shed light on the industry's trending topics, analyse mainstream news through a compliance-focused lens, and connect the fight against financial crime to its real-world consequences and ramifications.

The Laundry is proudly produced by Strise, the AML Automation Cloud.

Get in touch at: laundry@strise.ai

Watch our recent product launch, The Q, here.

Subscribe to our newsletter, Fresh Laundry, here.

The views, opinions, and statements expressed by guests of this podcast are solely their own and do not necessarily reflect the views, opinions, or positions of the podcast hosts, The Laundry team, or Strise.

Hosted on Acast. See acast.com/privacy for more information.

This season of The Laundry has shown that financial crime touches every aspect of society and life.

We’ve been joined by Chief Compliance Officers, MLROs, Heads of AML, data scientists, consultants, journalists, government officials, presidents, and football club directors - sharing stories of combating dirty money, terror financing, fraud, and corruption.

In this episode, our expert hosts, Marit Rødevand and Fredrik Riiser, are bringing you 11 big lessons on financial crime.

We're bringing you some of the best lessons from this season of the podcast, including: insights on growing financial crime risks, the current efforts to overcome them, and what the future fight might look like!

Producer: Matthew Dunne-Miles

Engineers: Dominic Delargy, Nicholas Thon

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The Laundry podcast: Dive deep into the intricacies of financial crime, AML (anti-money laundering), compliance, sanctions, and the ever-evolving landscape of financial regulation.

Hosted by Marit Rødevand and Fredrik Riiser – this podcast features renowned experts from banking, fintech, compliance, and investigative journalism.

Together, they shed light on the industry's trending topics, analyse mainstream news through a compliance-focused lens, and connect the fight against financial crime to its real-world consequences and ramifications.

The Laundry is proudly produced by Strise, the AML Automation Cloud.

Get in touch at: laundry@strise.ai

Watch our recent product launch, The Q, here.

Subscribe to our newsletter, Fresh Laundry, here.

The views, opinions, and statements expressed by guests of this podcast are solely their own and do not necessarily reflect the views, opinions, or positions of the podcast hosts, The Laundry team, or Strise.

Hosted on Acast. See acast.com/privacy for more information.

To mark the summer season, we're bringing you some of our favourite episodes from The Laundry archives.

In this episode, originally published in November 2022, Marit Rødevand is joined by Viveka Strangert, former Chief Compliance Officer at Swedbank, to discuss: how a naive compliance culture opened the doors for money-laundering

In 2020, Viveka was known as the "whistleblower" in a massive money laundering scandal which saw Swedbank fined 4 billion SEK (€389.8m) by Sweden's financial watchdog for severe deficiencies in its AML processes and for withholding information from authorities investigating its role in the scandal.

Even if you're not familiar with this case, it's a fascinating insight into a scandal that rocked the banking sector and will resonate with audiences worldwide.

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The Laundry podcast: Dive deep into the intricacies of financial crime, AML (anti-money laundering), compliance, sanctions, and the ever-evolving landscape of financial regulation.

Hosted by Marit Rødevand and Fredrik Riiser – this podcast features renowned experts from banking, fintech, compliance, and investigative journalism.

Together, they shed light on the industry's trending topics, analyse mainstream news through a compliance-focused lens, and connect the fight against financial crime to its real-world consequences and ramifications.

The Laundry is proudly produced by Strise, the AML Automation Cloud.

Get in touch at: laundry@strise.ai

Watch our recent product launch, The Q, here.

Hosted on Acast. See acast.com/privacy for more information.

To mark the summer season, we're bringing you some of our favourite episodes from The Laundry archives.

In this episode, originally published in January 2023, Marit Rødevand is joined by Silke Øverby, Chief Risk and Compliance Officer at Vipps MobilePay.

Leading risk and compliance at one of Europe's largest fintech companies, Silke knows that compliance is more than just a cost centre.

The pair discuss: how compliance functions can help improve customer satisfaction, boost customer loyalty, and reduce the chances of litigation - all while driving business growth.

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The Laundry podcast: Dive deep into the intricacies of financial crime, AML (anti-money laundering), compliance, sanctions, and the ever-evolving landscape of financial regulation.

Hosted by Marit Rødevand and Fredrik Riiser – this podcast features renowned experts from banking, fintech, compliance, and investigative journalism.

Together, they shed light on the industry's trending topics, analyse mainstream news through a compliance-focused lens, and connect the fight against financial crime to its real-world consequences and ramifications.

The Laundry is proudly produced by Strise, the AML Automation Cloud.

Get in touch at: laundry@strise.ai

Watch our recent product launch, The Q, here.

The views, opinions, and statements expressed by guests of this podcast are solely their own and do not necessarily reflect the views, opinions, or positions of the podcast hosts, The Laundry team, or Strise.

Hosted on Acast. See acast.com/privacy for more information.

To mark the summer season, we're bringing you some of our favourite episodes from The Laundry archives!

In this episode, originally published in February 2023, Marit Rødevand is joined by award-winning author and investigative journalist Oliver Bullough.

London has become a safe haven for the world's wealthiest people to hide their stolen money and spend it with no questions asked. 

Through his books – 'Moneyland' and 'Butler to the World' – Bullough explains how the lack of regulation in the UK has enabled oligarchs, criminals, and kleptocrats to use London's banks to launder their wealth. 

The pair discuss all this and more in this episode.

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The Laundry podcast: Dive deep into the intricacies of financial crime, AML (anti-money laundering), compliance, sanctions, and the ever-evolving landscape of financial regulation.

Hosted by Marit Rødevand and Fredrik Riiser – this podcast features renowned experts from banking, fintech, compliance, and investigative journalism.

Together, they shed light on the industry's trending topics, analyse mainstream news through a compliance-focused lens, and connect the fight against financial crime to its real-world consequences and ramifications.

The Laundry is proudly produced by Strise, the AML Automation Cloud.

Watch our recent product launch, The Q, here.

Get in touch at: laundry@strise.ai

The views, opinions, and statements expressed by guests of this podcast are solely their own and do not necessarily reflect the views, opinions, or positions of the podcast hosts, The Laundry team, or Strise.

Hosted on Acast. See acast.com/privacy for more information.

To mark the summer season, we're bringing you some of our favourite episodes from The Laundry archives!

In this episode, originally published in May 2023, Marit Rødevand is joined by Strise CTO, Patrick Skjennum.

Generative AI is revolutionising the financial industry, from customer service to investment.

CTO Patrick provides real-life examples of how companies are using Generative AI in the financial sector to detect and prevent fraud, the challenges of using data for Generative AI models, and how to ensure transparency and ethical use in financial operations.

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The Laundry podcast: Dive deep into the intricacies of financial crime, AML (anti-money laundering), compliance, sanctions, and the ever-evolving landscape of financial regulation.

Hosted by Marit Rødevand and Fredrik Riiser – this podcast features renowned experts from banking, fintech, compliance, and investigative journalism.

Together, they shed light on the industry's trending topics, analyse mainstream news through a compliance-focused lens, and connect the fight against financial crime to its real-world consequences and ramifications.

The Laundry is proudly produced by Strise, the AML Automation Cloud.

Watch our recent product launch, The Q, here.

Get in touch at: laundry@strise.ai

The views, opinions, and statements expressed by guests of this podcast are solely their own and do not necessarily reflect the views, opinions, or positions of the podcast hosts, The Laundry team, or Strise.

Hosted on Acast. See acast.com/privacy for more information.