The Laundry16 Mai 2024

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: 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(203)

E173: Can we train AI to THINK like a fincrime investigator?

70% of us have already let AI loose on our day-to-day tasks — summarising documents, knocking out images, the usual.Turning it loose on a financial crime investigation is a different question entirely...

10 Sep 24min

E172: Is this the end of beneficial ownership data?

In August 2026, FinCEN made it official: US companies no longer have to disclose who actually owns them.Five years after the Corporate Transparency Act was signed into law as America's "toughest anti-...

3 Sep 26min

E171: How do we put the "human" back into AI processes in fincrime?

You've seen the stories: a big company makes staff redundant, replaces them with a shiny AI feature, then quietly hires them back once it all goes wrong.Why does this keep happening? Swapping human ex...

27 Aug 28min

E170: What does the board need to know about AML?

"AML is a board-level topic." – but is this true in practice?Is this more a provocative challenge than a current statement of fact? Under the EU's incoming AMLR, that may be set to change, but are mos...

6 Aug 34min

Re-Spin: How do we stop MLRO burnout?

MLROs are vital to financial services - a crucial link between companies, the risks they face, and the authorities.The UK’s Financial Conduct Authority have previously sent a warning to hundreds of c...

30 Jul 30min

Re-Spin: Did Wirecard's collapse shape the future of whistleblowing?

The Wirecard scandal has become the stuff of legend.A German payments company, worth tens of billions of euros, collapsed following the exposure of massive accounting fraud and financial misconduct. I...

23 Jul 26min

E169: Is AMLA really on track?

No one said building a regulator from the ground up would be easy.But when the organisation chair, Bruna Szego, describes it as like ‘flying a plane while building it’ – you have to wonder how things ...

16 Jul 38min

E168: Can following the money disrupt the illegal wildlife trade?

The illegal wildlife trade is the fourth-biggest criminal market on the planet — behind only narcotics, counterfeiting, and human trafficking. And like any criminal trade of that scale, there's a huge...

9 Jul 31min