The Laundry16 Maj 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.

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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

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