In this episode, GRIP’s commissioning editor Jean Hurley spoke with Dr Mariola Marzouk, co-founder of Vortex Risk, to discuss the circumstances in which banks de-risk customers, the FCA’s anti-money-laundering priorities, AML regtech and the real fear people have about speaking up.

Mariola’s career spans software and consulting firms working with banks globally on the best use of technologies to address regulatory compliance demands. This first-hand experience together with her extensive research puts Mariola in prime position to address these issues in both a candid and reflective manner.

We discussed:

• Why banks de-risk customers and the repercussions for organizations and individuals.
• The UK FCA’s priorities for anti-money-laundering compliance.
• The results of the All Party Parliamentary Group (APPG) report on the FCA.
• Why FCA staff feel disaffected and undervalued.
• Global data protection laws as an impediment to AML surveillance.
• Whether AML regtech is fit for purpose.
• The use of AI in AML surveillance software.
• Does AI kill human intelligence?
• Fear of telling the truth and how we should all speak out.

A transcript for this podcast is available here.