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The EU has delisted Usmanov and Fridman, the US has issuedGeneral License 135 on Russian diesel, the EU has agreed its largest sanctions package yet, and OFAC has targeted the International Criminal Court. Joining me is Ian Bolton, Founder and CEO ofSanctions SOS, a Visiting Research Fellow at King's College London, and a former British diplomat and HSBC UK sanctions manager.

A system isn't a framework — and most institutions don't realize the difference until a regulator points it out.In this episode, guest host Marika Torsdotter sits down with Francisco Mainez, a transaction monitoring leader with deep experience across global financial institutions and fintechs, to unpack what separates a real transaction monitoring framework from the software underneath it — and where institutions most often get it wrong. We cover what good looks like, why data remains the unsolved problem of 2026, how training has quietly become the second elephant in the room, and what the shift from rules-based detection toward more advanced analytics actually demands of governance. A few things that stuck with me from this conversation: → A system is the technology. A framework is everything around it — typology library, governance, data, documentation. Buying one without building the other is the most common failure pattern in the industry. → Data is the toothache nobody fixes. Institutions keep buying new systems instead, because data work is harder, slower, and less visible. But you cannot monitor anything if you don't have the data to do it. → Training is the second elephant. Even the most advanced system will produce false positives in front of an investigator who doesn't know what to do with them. As Francisco puts it: "Whatever you sweat in training, you won't bleed in battle."Whether you work in AML, compliance, fraud, or financial crime more broadly — if your institution runs transaction monitoring, this conversation is for you.

In this episode, guest host Marika Torsdotter sits down with AI and financial crime compliance expert Aneta Klosek to cut through the noise around AI and reveal what most compliance professionals are still missing.While the industry fixates on large language models like ChatGPT, Aneta argues there's a whole ecosystem of AI algorithms quietly powering or failing to power the fight against financial crime. The conversation breaks down three concrete use cases:* Gradient Boosting — the workhorse inside most transaction monitoring systems, learning from historical patterns to prioritize alerts and reduce false positives far beyond what static rule-based systems can achieve.* K-Means Clustering — an unsupervised learning technique that segments customers by behavior, not just category. A $50,000 transfer that looks normal for a corporate treasury cluster is a massive red flag for a retail student cluster. Context is everything.* Word Embeddings — the technology that bridges unstructured text and risk intelligence. From recognizing that "Muhammad Al-Hassan" and "M. Al-Hassan" are the same person, to understanding that "cleared of fraud" and "charged with fraud" carry opposite risk signals this model brings semantic intelligence to name screening and adverse media.Aneta closes with a hard truth: the biggest gap in the industry isn't technology it's the skill gap between technical teams and compliance officers, and the dangerous tendency to treat AI as a pilot project rather than a core business strategy. Meanwhile, criminals face none of those constraints.Bottom line: Stop treating AI as a side project. Start with your data. Build from clarity, not hype.

In our latest episode, "Muddling Through the HormuzCrisis," we spoke with David Tannenbaum of Blackstone Compliance about the real-world implications of the 2026 Iran conflict for sanctions programs, maritime intelligence, and compliance frameworks. Some of what we cover might surprise you: → Commercial vessels are no longer using standardinternational fairways — they're routing through Iranian-controlled waters near Qeshm and Lavan Island → General License U has created unexpected openings for dark fleet vessels, but key federal prohibitions still apply → The single biggest blind spot? The sheer volume of Iranianoil currently on the water — much of it cycling through FSOs → Known typologies are shifting: bigger vessels giving wayto chemical tankers, Swiss traders potentially giving way to new UAE or Hong Kong entities This episode is a must-listen for anyone in AML, tradefinance, commodity finance, or maritime compliance. 💡 The core message:Robust controls still matter — they just need to be pointed in the right direction.

Trade compliance isn't just a customs issue — it's a financial crime issue.In our latest NFCP podcast, I sat down with Francisco Montesinos Gutierrez, a seasoned trade compliance professional, to break down what every risk and compliance professional needs to know about global trade controls.We cover the three pillars of trade compliance — custom controls, sanctions & embargoes, and export controls — and why understanding all three is no longer optional if you're working in AML, fraud, or broader risk management.A few things that stuck with me from this conversation:→ Non-compliance with export controls isn't just a fine — it's a criminal offence→ Custom misclassification penalties can reach up to 100% of commercial value→ Sanctions, HS codes, and export licenses are more interconnected than most people realizeWhether you're new to trade compliance or looking to sharpen your cross-domain skills, this episode is a solid place to start.

Marco Beranzoni (FinCrime Agent) and Louie Vargas (NFCP)opened the series the right way — no slides, no scripts, just an honestconversation about how two FinCrime professionals built their careers from theground up. A few things that came up worth sharing: → AI is coming for entry-level roles. Marco made itclear: if you're thinking about breaking into financial crime prevention, thewindow is now. In 3–5 years, those first-line, high-volume roles will look verydifferent. → Certifications alone won't get you there. Louie putit plainly — the cert without the practical experience is just a lamp without agenie. Both matter.

In today’s episode, we dive deep into the evolving world of compliance conferences with Vincent Beard from Informa Connect. He shares his journey from studying English to becoming a conference director, emphasizing the importance of staying close to industry developments. Vincent explains that the key to impactful conferences lies in balancing technical depth with accessibility. It’s crucial to cater to both seasoned professionals and those new to the field. This means starting with high-level discussions before delving into the details. Communication is vital in this fast-paced environment. As issues evolve, so should our focus. By constantly engaging with industry experts, we can ensure that our events provide real value and insight.

Our first sanctions update of the year that will catch us up on all things sanctions from the beginning of 2026 until 4 March. Joining us on this edition: ✅ Ian Bolton of Sanctions SOS broke down UK/OFSI updates ✅ Mark Handley of Duane Morris LLP covered EU sanctions + global enforcement actions ✅ Aleksi Pursiainen of Solid Plan Consulting brought the Nordic perspective ✅ Dara Fernandez of Cina Fernandez revealed US/OFAC developments

In this episode, host Marika Torsdotter sits down with Luma Zitani, a financial crime practitioner with 20 years of experience across small banks, large banks, and consultancy. Originally from Syria, Luma brings a perspective to this work that goes far beyond regulation — for her, financial crime prevention is deeply personal, and the stakes have never been abstract. Luma opens up about what keeps her in the field two decades on: the intellectual challenge, the geopolitical pulse of it all, and the genuine conviction that her day job makes the world a little more just. She unpacks why economists make surprisingly great financial crime specialists — because understanding macro cause-and-effect and thinking like a criminal are more connected than most people realize. The episode's standout moment is Luma's account of a quiet, unsung win: how she and her team war-gamed a major sanctions scenario before it happened, modeled every resource and volume implication, and when the sanctions finally hit, they were operational and screening within a day — a full 10 days ahead of every other bank. Nobody outside the room ever knew. Luma also sounds a clear warning about a worrying trend: after years of progress on financial inclusion, the pendulum is swinging back. Debanking whole countries and communities is becoming fashionable again — and she's fighting hard to make sure it doesn't go all the way. Topics covered: Why financial crime prevention needs to feel vocational, not just like a jobThe personal stakes: growing up in Syria and why fighting financial crime mattersWhat economists bring to financial crime that law enforcement backgrounds don'tWhat women uniquely bring to the field — reading people, minimizing harm, the pastoral dimensionThe aging technology problem: legacy systems vs. rapidly evolving criminal toolsWhy the future belongs to "super geeks" who embrace new technologyThe financial exclusion pendulum: from debanking charities to a worrying swing backThe untold war room story: being 10 days ahead of every other bank when major sanctions hitCatastrophizing as a compliance superpower — why stress-testing scenarios saves lives

In this episode, host Marika Torsdotter reconnects with Hera U. Smith, a financial crime and third-party risk specialist at Moody's, with over a decade of experience spanning sanctions, export controls, and AML — across both the United States and Europe. Hera's path into the field is one few would have predicted: she started in litigation law at a firm in Los Angeles, passed the bar, and stumbled into banking compliance just as Russia's invasion of Crimea was triggering a wave of new sanctions that needed someone to interpret, apply, and operationalize them fast. That turning point shaped everything. The conversation covers a lot of ground — from a fascinating Federal Reserve study showing AI-powered LLMs can cut false positives in sanctions screening by over 90%, to the surprisingly old-school ways sanctions evaders are still getting away with it (think: painting over ship IMO numbers). Hera also shares an unexpected transferable skill she never saw coming: tutoring kids. And in a candid moment, Hera speaks to something the series is all about — the gender shift that happens as women climb the compliance ladder. Equal or majority at entry level, but increasingly outnumbered at the top. It's a dynamic she's seen firsthand, and it's exactly why conversations like this one matter. Topics covered: What the compliance industry gets wrong — and why reaching out to tech companies is the fixHow AI and LLMs are transforming sanctions screening (with real data from a Federal Reserve study)Why compliance professionals should stop being afraid to experiment with technologyHera's unexpected career path: from LA litigation law to sanctions specialist in EuropeThe transferable skill nobody talks about: teaching kids how to simplify complex materialMentorship and why loyalty shouldn't hold you back from growingSanctions evasion tactics: the old-school methods still in use todayThe gender gap in senior compliance roles — and why it needs to change

In this episode, host Marika Torsdotter sits down with Aneta Klosek, founder of Aithea — a startup connecting compliance professionals with the right tools and preparing them for the technology of tomorrow. With over 16 years of experience in financial crime prevention, Aneta brings a rare combination of deep regulatory knowledge, sales intuition, and a genuine passion for making compliance less "dry and dusty." Aneta's journey started in traditional banking before moving to London to join a sanctions screening startup — and from there, she was hooked. She shares what it feels like to work in a field where you're quite literally fighting criminals, why storytelling is one of the most underrated compliance skills, and what two stubborn problems have still not been solved after 15+ years: data quality and the knowledge gap. But the conversation's standout moment? Aneta's eye-opening account of fully AI-generated investment firms — fake companies, fake employees, fake LinkedIn profiles — targeting vulnerable startup founders. A chilling reminder that while the compliance world debates AI strategy, criminals are already deploying it. Whether you're in fintech, compliance, or just AI-curious, this episode will leave you thinking differently about trust, technology, and why "Tinder for the tech space" might just be the best elevator pitch in compliance. Topics covered: How Aneta fell into financial crime prevention — and never looked backWhy FCP professionals are "superheroes" with real-world impactThe power of network-building and personal branding for women entering the fieldWhat women uniquely bring to risk and compliance: reading nuance and unspoken tensionThe two biggest unsolved problems in compliance: data quality and the knowledge gapHow criminals are using AI interdisciplinarily — and outpacing preventionAI-generated fake companies targeting startup founders: a real and growing threatStorytelling as a compliance superpowerHow to explain your job at a dinner party (hint: think Tinder for tech)

In this episode, host Marika Torsdotter sits down with Amber Vitale, an attorney, compliance executive, and senior advisor with over two decades of experience in sanctions and anti-money laundering (AML). Amber's career began at the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC), where she specialized in civil penalties and enforcement — a foundation that has shaped everything she's done since. Amber shares how she "fell into" financial crime prevention, why the field has held her attention for 20+ years, and what makes it one of the most intellectually engaging careers you can have. From geopolitics and Russian oligarch asset tracking to the explosion of digital assets and fraud, Amber explains how the compliance landscape has evolved — and why it shows no signs of slowing down. She also gets candid about the two things she wishes the industry would fix: targeted training and cross-functional collaboration. Too often, AML, sanctions, and fraud operate in silos — and that's a costly mistake. Whether you're considering entering the FCP field, looking to grow within it, or just trying to explain your job at a dinner party, this conversation is packed with real-world wisdom from someone who's seen it all. Topics covered: How Amber's career started at OFAC and evolved over 20+ yearsWhat makes financial crime prevention such a compelling (and secure) careerThe rise of export controls and how it's merging with the sanctions worldWhy targeted training — not generic compliance training — is a game-changerThe case for breaking down silos between AML, sanctions, and fraud teamsManaging stress and work-life balance in a high-stakes fieldAdvice for women looking to enter the FCP spaceHow to explain sanctions compliance at a dinner party

In this episode, host Marika Torsdotter sits down with Alexandra Malakan, Governance & Control Specialist at Handelsbanken, for an insightful conversation on the evolving world of financial crime prevention (FCP). Alexandra shares her perspective on how AI is reshaping the compliance landscape — not as a replacement for human expertise, but as a powerful tool to streamline time-consuming tasks and enable more reactive, risk-based approaches. She also tackles one of the industry's most overlooked issues: the critical role of the board and the importance of bringing every employee along on the compliance journey. Beyond the regulatory landscape, Alexandra opens up about the mentors who shaped her career, why asking "stupid questions" is actually a superpower, and why street smarts can be just as valuable as academic credentials in financial crime work. Whether you're new to the FCP field or a seasoned professional, this episode is packed with actionable advice — for individuals who want to grow, and for companies that want to retain great talent by letting their people shine. Topics covered: AI in compliance: opportunity vs. hypeWhy financial crime prevention is everyone's responsibility, not just compliance'sThe board's underestimated role in FCPMentorship: a two-way streetAdvice for women entering financial crime preventionHow companies can retain talent by fostering genuine interest areas

In this episode of the Network for Financial Crime Prevention podcast, host Louie Vargas dives into a surprising connection between urban design and financial crime. Joined by renowned urban design expert Mikael Colville-Andersen, they explore how the shaping of our cities can mask money laundering, corruption, and economic injustices.

We had a fascinating conversation with Eric Sohn (aka Mr. Sanctions) on the NFCP podcast about the evolving world of sanctions compliance. Here's what struck me most: 99% of sanctions complexity is irrelevant to day-to-day operations. Yet enforcement actions keep moving the goalposts—what seemed like "goldplating" yesterday becomes table stakes tomorrow. Key takeaways: • The OFAC framework isn't just guidance—it's your best defense against penalties • Documentation matters more than you think (your future self will thank you) • AI isn't a silver bullet, but it can help—IF you have guardrails and explainability • Traditional tools like whitelisting still deliver massive value (approximately 98% reduction with just 70 entries!)