The Laundry

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-launderingIn 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.____________________________________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.aiWatch our recent product launch, The Q, here. 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-MilesEngineers: 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.aiWatch 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.

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-MilesEngineers: Dominic Delargy, Nicholas Thon, and the team at the European Commission.____________________________________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.aiWatch 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.

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-MilesEngineers: 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.aiSubscribe 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.

In this engaging discussion, Mitch Trehan, Chief Compliance Officer at Allica Bank with over 22 years in financial services, shares insights into the demanding world of compliance. He dives into the ongoing battle against financial crime, highlighting the complexities faced by CCOs today. Mitch reflects on his unique journey, from aspiring pilot to compliance expert, and emphasizes the importance of prioritization and collaboration. The conversation also touches on the evolving role of AI in compliance, balancing innovation with risks, and the ever-present stress of managing fraud challenges.

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-MilesEngineers: 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.aiSubscribe 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-MilesEngineers: Dominic Delargy, Nicholas ThonVAT explainer from iCalculator. ____________________________________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.aiSubscribe 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-MilesEngineers: 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.aiSubscribe 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.

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-MilesEngineers: 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.aiSubscribe 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.

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.aiSubscribe to our newsletter, Fresh Laundry, here. Hosted on Acast. See acast.com/privacy for more information.