E77: Can compliance professionals tackle romance fraud?

You may have seen the Netflix documentaries, TikTok sagas, or long-read articles about charming con artists using elaborate stories to extract life savings from their victims – using affection to mask their true aims.

But this isn’t just the subject of true crime stories; this is real life and it’s happening right now.

The UK’s National Fraud Intelligence Bureau has revealed they received more than 8,000 reports of romance fraud in the last full financial year. That nearly 30 new victims coming forward per day - with many more feeling too embarrassed or ashamed to do so.

In the latest episode of The Laundry – our expert host, Marit Rødevand, is joined by Anna Rowe, Co-Founder of LoveSaid, and Simon Miller, Director of Policy and Communications at Stop Scams UK.

The panel discuss: the biggest challenges in tackling romance fraud, the solutions needed from the compliance industry, and the importance of post-fraud support for victims.

Producer: Matthew Dunne-Miles

Engineers: Dominic Delargy, Nicholas Thon

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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 sectors such as 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: [email protected]

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