Latest opinions that Andreas Hobbelin has shared on Finextra

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Andreas Hobbelin

Head of AML & FCP

ZTL PAYMENT SOLUTION

Member since

08 Jan 2021

Location

Oslo

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Andreas's opinions

What I learned from my meeting with an organized crime figure

A couple of years ago I was walking over Stureplan in Stockholm when I heard somebody yelling my name, I turned around and there was the little brother to one of my former childhood school friends who came to Sweden as a refugee in the 90s. He was tall, big and actually looked like a real crime figure. I couldn’t pretend that I didn’t recognize him...

06 August 2021 /regulation /crime RegTech

Beneficial ownership Sweden

In February 2021, I asked the Swedish company registry (#Bolagsverket) about some statistics regarding beneficial ownership, this is the response: Approx.: - 70.000 companies have registered that they don't have a beneficial owner. - 13.500 companies with a beneficial owner that is a non-resident and or not registered with a Swedish national ID. ...

07 July 2021 /regulation /crime Banking Regulations

Have Latvian «pocket-banks» really cleaned up?

Here we go again, RIETUMU BANK in Latvia Why have RIETUMU not had the same fate as ABLV? ABLV that in 2018 was as stated as a bank of “primary money laundering concern” by the US and quickly forced to close down. RIETUMU was fined in 2017 for AML deficiencies and for having been used to channel funds to the North Korean dictatorship (together wit...

06 July 2021 /regulation /crime Exposing Financial Crime

Heard about Hurds bank?

No, it’s not a Bank, it’s an offshore bank located east of Malta (35°53'N 14°45'E) and hardly visible on the map What about Hurds bank? If I say bypassing sanctions, do I have your attention? Since at least 2015, Russia, Venezuela, Iran, Syria, Libya and even North Korea as well as terrorist organizations such as Hamas and Hezbollah, have been r...

01 July 2021 /regulation /crime Transaction Banking

Anti-money laundering - Statements that echo's over 10 years after

Over 10 years ago, one statement got international attention, another statement didn’t even get national attention. Still both statements echo’s today, although differently. The then Head of United Nations on Drugs and Crime (UNODC), Antonio Maria Costa said the following based on that UNODC had found evidence that some banks were funded by illicit...

21 January 2021 /regulation /crime Banking Regulations

Are Nordic financial institutions really compliant with US sanctions?

To answer this, one most likely need to go deep on all financial institutions (FI), however, what if one would ask some simple questions to begin with? Lets start with the following; Are you screening your clients against US sanction lists? Most would answer Yes Are you screening your client’s counterparties against US sanction lists...

15 January 2021 /regulation /crime Trends in Financial Services

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