The Laundry

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 –&n...

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! ...

(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 o...

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...

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-...

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 put...

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 compa...

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...

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 ‘...

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...

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 w...

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 f...

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...

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 cha...

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...

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! Hosted on Acast. See acast.com/priva...

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 lin...

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 topic...

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 curre...

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...

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 ro...

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 fro...

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...

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 a...

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...