The Laundry30 Nov 2023

E66: How Russian money still flows through Europe

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 this week's episode – our expert host, Marit Rødevand, is joined by Financial Times journalists Max Seddon and Chris Cook.

The panel discuss: what Russia is smuggling from Europe, how these trades continue to operate amid heavy sanctions, and the real world consequences of these shady business deals.

Read the full article from Max and Chris here.

Producer: Matthew Dunne-Miles

Engineers: Dominic Delargy, Nicholas Thon

Additional music: "Skipping in the No Standing Zone" by Peter Gresser

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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 sectors such as 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.ai

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