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 evadi...
Apr 25, 2024•34 min•Season 5Ep. 1
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 ...
Apr 18, 2024•2 min
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 bei...
Mar 28, 2024•29 min•Season 4Ep. 13
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 enormou...
Mar 21, 2024•25 min•Season 4Ep. 12
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 leav...
Mar 14, 2024•25 min•Season 4Ep. 11
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 ...
Mar 07, 2024•37 min•Season 4Ep. 10
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 stea...
Feb 29, 2024•22 min•Season 4Ep. 9
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 , Publis...
Feb 22, 2024•36 min•Season 4Ep. 8
(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 samtal...
Feb 20, 2024•46 min•Season 4Ep. 7
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 ...
Feb 15, 2024•34 min•Season 4Ep. 6
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 Dem...
Feb 08, 2024•35 min•Season 4Ep. 5
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 ...
Feb 01, 2024•29 min•Season 4Ep. 4
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 ...
Jan 25, 2024•25 min•Season 4Ep. 3
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 challenge...
Jan 18, 2024•33 min•Season 4Ep. 2
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...
Jan 11, 2024•33 min•Season 4Ep. 1
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....
Jan 04, 2024•1 min
(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 P...
Dec 14, 2023•39 min•Season 3Ep. 13
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 ...
Dec 14, 2023•34 min•Season 3Ep. 12
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 goin...
Dec 07, 2023•29 min•Season 3Ep. 11
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 t...
Nov 30, 2023•34 min•Season 3Ep. 10
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 w...
Nov 23, 2023•38 min•Season 3Ep. 9
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...
Nov 16, 2023•34 min•Season 3Ep. 8
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 talk...
Nov 09, 2023•33 min•Season 3Ep. 7
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 w...
Nov 02, 2023•34 min•Season 3Ep. 6
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...
Oct 26, 2023•23 min•Season 3Ep. 5
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 Bistro...
Oct 19, 2023•40 min•Season 3Ep. 4
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 uni...
Oct 12, 2023•33 min•Season 3Ep. 3
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,...
Oct 05, 2023•30 min•Season 3Ep. 2
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 strai...
Sep 28, 2023•31 min•Season 3Ep. 1
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/privacy for more information....
Sep 21, 2023•1 min
