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

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