Fri, Dec 10|
The Stockholm Chamber of Commerce
IWIB Learn & Lunch Session on Anti-Money Laundering - “Nordic Noir”
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
Dec 10, 2021, 11:30 AM – 1:00 PM GMT+1
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 are the banks doing, and how does financial crime impact businesses at large? And, the question which is perhaps most disturbing – Where does the black money come from? Illegal, undeclared, ignored, or just too smartly structured?
Our guest speaker is Louise Brown, an anti-corruption expert and Director at FCG, a leading financial crime advisory firm. She has a background as Integrity Compliance Expert with the World Bank, as Chair of Transparency International Sweden, and a regular commentator on corruption and business ethics in media including SVT Uppdrag Granskning, SR P1 Studio Ett, Dagens Industri, Financial Times and Bloomberg.
Louise is also a former CEO of Ansvar Säkerhet i Europa AB. Accredited ISO37001 Auditor, Local Research Correspondent on Corruption for Sweden for the EU Commission DG-Home. Lecturer on anti-corruption for Exec MBA in Finance.