Strise spearheads the AML Intelligence revolution, marking a shift where AML teams are not just a cost but vital enablers for organisations. They're battling financial crime with AI, ensuring efficiency and effectiveness.

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This could have been a conversation between two pastry chefs discussing cake decoration. But in this case, it was not...

This was a glimpse into a world where a typical conversation between a person being bribed and the person bribing can lead to unexpected consequences.

In this week's 🔴 The Laundry – we are joined by someone who has been part of both the problem and the solution when it comes to financial crime! 

Fredrik Riiser sat down with Richard Bistrong to discuss his journey from being convicted under the Foreign Corrupt Practices Act in 2007 to becoming a leading consultant on both anti-bribery and corruption. 

Listen to this exciting podcast episode to find out all about: 

▶ How Richard found himself involved in corruption through a simple nod of a head – and the slippery slope to grand corruption 

▶ The 'look in the mirror moment' that led to redemption 

▶ The real risk of corruption for high-achievers in 2023 

▶ How an open feedback loop can save employees from the risks of bribery 

The episode is available on all podcast platforms now! 🎧 

#AML #Compliance #Corruption / Front-Line Anti-Bribery LLC / Marit Rødevand

Would you rather take the Red Pill or the Blue Pill? 💊

Automation was one of many buzzing topics at the Hvidvask conference in Copenhagen last week, and in the world of AML, it's hotter than ever. 

Benjamin Brown caught up with Lasse Skydstofte from Quantexa and posed a thought-provoking question: 👇 

– Would you rather take a red pill to automate all your AML work forever, or a blue pill to forget all the hassle of doing it manually? Which one would you pick?

Watch the video and see which pill he chose. 😊

#AML #Compliance #KYC #KYB / Insight Events Denmark

Think your university is safe from financial crime? Think again 🎓

Did you know that universities are becoming hotspots for money laundering? Yes, you heard it right!

Here are three eye-opening takeaways:

👉 Over 90% of suspicious activity reports in the UK are from financial institutions. But guess what? Money launderers are increasingly targeting lesser-regulated sectors like universities.

👉 The NCA reported that an increasing number of students are being exploited as 'money mules.'

👉 Recent research shows that a significant minority of universities fail to provide anti-money laundering training. More shockingly, some have received over £1 million in cash for tuition and accommodation!

Universities, staff, and students are at legal risk for not just money laundering but also terrorism financing. Isn't it time for a change?

Marit Rødevand hopped on a train to Cardiff University / Prifysgol Caerdydd    to sit down with Nicholas R., Professor of Law, to unravel this alarming trend in this week's 🔴 The Laundry podcast.

Links to the episodes are in the comments below 👇

#thelaundrypodcast #aml #podcasts #compliance / Marit Rødevand, Nicholas R., Matthew Dunne-Miles, Cardiff University / Prifysgol Caerdydd


Hello, Hvidvask 2023 👋 

👉 On stage tomorrow at 10:25 CEST, October 12, Benjamin Brown will unpack how AI models are becoming secret weapons in the fight against financial crime. 💡

Mark your calendars and make sure you're there! 📆 ✅

Insight Events Denmark / #AML #KYC #Compliance

Who the f--- is Ada Lovelace? 

You don't know? That's okay. 

Let me introduce you to the world's first computer programmer who pioneered contributions to Charles Babbage's Analytical Engine, shaping the future of computing and AI.

Perhaps that's because in 2023, the tech industry is still dominated by men and very few women's achievements are celebrated.

Today, Marit Rødevand presented at #JenteriAI at Norwegian University of Science and Technology (NTNU) in Trondheim.

It was a great opportunity for Strise to meet future engineers who are going to impact the industry for the better. 

Thank you #JenteriAI (Girls in AI) for having us! We're hoping that Strise's tech team grows stronger in the years to come 💪

Let's not wait another century to recognise the genius among us. Share this post if you agree.

#ai

A game-changing partnership: BN Bank ASA and Strise 👏

Is your company still stuck in the age-old dilemma of AML becoming simply a cost centre? It's time for a reality check. Banks and fintechs who aren't already making significant changes to their AML efforts, run the risk of being left behind.

BN Bank ASA anticipated this long before the industry shifted. They've seen significant results that prove their strategy is working. 

So, how did they do it? The answer is Strise! 

The Strise effect at BN Bank has meant 👉

✅ 30% reduction in false positives

✅ 10-15% of their workforce shifting from chasing false positives to catching real criminals

✅ 70% reduction in the onboarding time for low-risk clients

BN Bank has emerged as true winners in this field! They've left behind legacy systems that don't produce results and have taken a brave approach to innovation and automation. BN Bank are not just keeping up with the AML revolution; they're leading the change 💪

It has been an exciting collaboration between Strise and BN Bank. Endre Jo Reite and his team recognised the potential of Strise long before others did, and we're thrilled to continue our partnership while make big changes in AML! 

So, are you ready to be the hero of your organisation's AML story?

Watch more about BN Bank’s story told from Endre Jo Reite.

#bnbank #strise #automation #compliance #aml #customerstory

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