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IWIB Learn & Lunch Session on Anti-Money Laundering - “Nordic Noir”
fre 10 dec.
|The Stockholm Chamber of Commerce
Join our last session on Payments with guest speaker Louise Brown, an anti-corruption expert with a long background working with organisations such as the World Bank, the EU-commission, field auditing including organised labour crime and money laundering and supporting investigating journalists.
Time & Location
10 dec. 2021 11:30 – 13:00 CET
The Stockholm Chamber of Commerce, Brunnsgatan 2, 111 38 Stockholm, Sweden
About the event
Our last session of the IWIB Series on Payments - “Nordic Noir”, will cover the topic of Anti-Money Laundering.
TRUE CRIME: On corruption, money-laundering and the black economy in Sweden.
In a piece depicting Swedish and Danish banks as the conduit for Russian oligarchs, the Financial Times coined it Nordic Noir. When the Danske Bank and Swedbank money-laundering scandals surfaced in 2019, bankers and politicians alike were awestruck. The solid image of trust and transparency was shaken to its core. Naivety and a low held guard made Nordic banks an easy prey for a business that operates below the radar, worth anything between 3-5% of global GDP.
Money-laundering is one part of an increasingly sophisticated industry that is a financial crime. Frequently part of multi criminality incorporating bribery and corruption, fraud, illegal trading and trafficking, and more, only 1 percent of money laundering is ever detected according to research. What…