AML State of Play
Denmark
The new report State of Play Denmark confirms that financial institutions in Denmark are struggling under the burden of increasing regulatory requirements on anti-money laundering. Efforts have little impact and financial crime continues to thrive. Meanwhile, there are increasing concerns about the cost of compliance and the lack of competence.
“The tough question is when enough is enough”
Anonymous respondent
Sweden
There is strong support on board level for financial crime prevention and massive investments have been made. The AML State of Play Sweden shows that AML compliance however remains a persistent challenge, explained by a lack of competence across functions, legacy systems in parallel with constant regulatory updates.
“It has taken a long time to understand that AML is about risk management, to handle it, and to report“
Anonymous respondent
Highlights
Our latest insights, conversations and events
INSIGHTS
Time to reconsider KYC?
Swedish newspaper Dagens Nyheter reports signs of suspected criminal activities in 34 of 43 exchange offices in Sweden.
CONVERSATIONS
Key Takeaways: Financial Crime in the Digital Age
Louise Brown’s takeaways from the event addressing the topic of cyber-related crime and virtual currencies.
CONVERSATIONS
Insights from Frankfurt AML Conference
Discussions on how to resolve challenges in the industry and improve efficiency in AML efforts.
Joined by international experts, FCG takes on the challenges of governance, risk and compliance in our program series FCG | talks. Short studio interviews with new insights, bold perspectives and sharp angles.
EPISODE 3
Wilful Blindness
Scandals, cover-ups and corporate cultures turned into cults. Didn’t the board know? In this episode of FCG Talks, author Margaret Heffernan discusses compliance culture, hierarchies, silo-thinking, social prizes and the tone at the top.
Featuring Margaret Heffernan, author of “Wilful Blindness, ignoring the Obvious at our Peril”.
EPISODE 2
Terror Financing
What do we need to understand to tackle terrorist financing? Join our conversation with Sweden´s leading experts on terrorist organisations and societal security.
Featuring Senior Advisor Magnus Ranstorp
& Senior Analyst Magnus Normark
EPISODE 1
Insider Threats
Take part in a candid conversation on infiltration, bribery, corruption, market abuse and the difficult task to identify conflicts of interest and disqualification.
Featuring Senior Public Prosecutor Robert Engstedt
& Head of FCP Ronny Gustavsson
Perspectives
Deep dive into current financial crime prevention topics and developments
AML
Money laundering through exchange offices in Sweden– Time to reconsider KYC?
with Ronny Gustavsson, Director & Head of FCP and Louise Brown, Director FCP
COMPLIANCE
Expensive shortcuts in the quest for compliance tech
with Nicolas Espinoza, Director Operational risk/ICT
AML
New EBA guidelines will turn organizations on their heads
with Jonas Karlsson, Director FCP
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Financial Crime Prevention – Our Services
Fraud Prevention
Fraud is a growing concern and outpacing other forms of financial crime at historical speed. Internal and external fraud, social engineering, infiltration, and investment fraud are on the rise. Talk to our experts about fraud risk assessment and prevention, systems solutions, organization and processes.
Ronny Gustavsson
Director & Head of FCP
Anti-Bribery & Corruption
Bribery and corruption are enablers for other financial crimes including fraud, money laundering, embezzlement as well as abuse of insider information, infiltration and misuse of business secrets. Without effective anti-corruption measures, other financial crimes including ESG risks cannot be addressed.
Louise Brown,
Director, FCP
International Sanctions Management
Our knowledge of how to work with screening and monitoring systems can help you effectively manage international sanction regulations and adjust progressively. Talk to us about international sanctions from the EU, USA, UK and other jurisdictions.
Lars von Ehrenheim,
Director, FCP
AML & Counter Terrorist Financing
Money laundering and terrorist financing are constant and growing concerns on a global scale. FCG’s industry practice is an optimal resource for evaluating your AML-systems and identify potential efficiency gains.
Jonas Karlsson,
Director, FCP
