The Laundry21 Mar 2024

E79: How Wirecard's collapse shaped the future of whistleblowing

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 enormous strength, courage and determination – but what are the costs for the individuals involved and what does this look like in a post-Wirecard world?

In the latest episode of The Laundry – our expert host, Marit Rødevand, is joined by Pav Gill, Founder & CEO of Confide.

The pair discuss: Pav's journey from whistleblower to founder, the hidden impact of calling out wrongdoing, and how whistleblowing will look going forward.

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, an AML Automation Cloud.

Get in touch at: laundry@strise.ai

Subscribe to our newsletter, Fresh Laundry, here.

Hosted on Acast. See acast.com/privacy for more information.

Denne episoden er hentet fra en åpen RSS-feed og er ikke publisert av Podme. Den kan derfor inneholde annonser.

Episoder(193)

E165: How do we combat the professionalisation of money laundering?

What do you think is keeping anti-financial crime professionals up at night?According to Nasdaq Verafin's latest Global Financial Crime Report, there's something more pressing than deepfakes or even A...

18 Jun 31min

E164: How do we turn technology against financial crime?

Coming to you from Insight Denmark's recent 'Compliance & Legal in the financial sector' conference in Copenhagen!In the 1984 film Terminator, the T-800 is a threat — a machine sent from the future to...

11 Jun 41min

E163: Is the 2026 World Cup the financial crime event of the year?

What happens when you take a World Cup fixtures wall chart, the Transparency International Corruption Perceptions Index, the UN sanctions list, and a little AI magic? You uncover the financial crime r...

4 Jun 25min

Takeover: The Dark Money Files meets The Laundry

Everybody in this industry knows Graham Barrow and Ray Blake — who have been unpacking the finer details of financial crime prevention on their podcast, The Dark Money Files, since 2019. So it was an ...

28 Mai 32min

Re-Spin: What the 1MDB scandal tells us about how the world really works

The 1MDB scandal may be the AML industry’s ultimate whack-a-mole – popping back up again and again.A Malaysian government fund set up to boost the country’s economy became one of the biggest frauds in...

21 Mai 28min

E162: Is the gambling/gaming industry set for an AML wake-up call?

Spin the wheel, roll the dice, play your hand — the world of online gaming is all about calculated risk and reward.Now it's the operators' turn to think about risk. From July 2027, they fall under AML...

14 Mai 29min

E161: Are public-private partnerships the key to financial crime prevention?

An effective partnership between a public and private organisation is like forming a band.But as long as these partnerships have been going on, there's been Gallagher brother level tension – so what's...

7 Mai 32min

E160: CFO, CEO, CCO – who owns AI in compliance?

We get it – you’re the CEO, the Chief Financial Officer, the Chief Compliance Officer – you’re busy!And now, you have to think about new AI systems in your compliance process? That’s no small thing on...

30 Apr 38min