E85: The line between humans and AI in fighting financial crime
05/23/24 • 26 min
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-Miles
Engineers: 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: [email protected]
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.
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-Miles
Engineers: 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: [email protected]
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.
Previous Episode
E84: Connecting oligarchs to a sovereign wealth fund
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: [email protected]
Subscribe to our newsletter, Fresh Laundry, here.
Hosted on Acast. See acast.com/privacy for more information.
Next Episode
E86: How technology became a money laundering machine
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-Miles
Engineers: 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: [email protected]
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.
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