Formerly known as the AML-team at 421, Frank Penny is a Swedish consulting firm exclusively focused on Anti-Money Laundering. We dedicate 100% of our time, resources and energy towards one thing. And that's helping companies achieve and maintain AML-compliance, today and in the future!Currently on parental leave.Previous assignmentsJan-May 24: Senior AML Consultant and Interim Head of Fraud at a Nordic niche bank.

Assignments: Jan-Sep 2023 — Interim Head of AFC at a Nordic niche bank. Sep 2023 -> Senior AML Consultant and Interim Head of Fraud at a Nordic niche bank

Responsible for securing compliance in the AML and Sanctions area for PayEx’ companies and branches. PayEx is a payment service company and a wholly-owned subsidiary to Swedbank AB, offering a wide range of payment services as well as credit and savings products. Operational leadership role with focus on growth and scalability.Main responsibilities include:▪ Leading the daily work of AML Officers and team leads in the AML function▪ Setting up new branches outside of home market; recruitments, legislation mapping, establishing processes and governance▪ Establishing and negotiating outsourcing arrangements▪ Development and implementation of the general risk assessment & customer risk scoring models▪ Speaking partner and NPAP stakeholder in the launch of new services▪ Updates of internal AML framework; steering document level as well as lower level routines and procedures▪ Various activities to ensure efficiency & customer friendliness in the KYC process▪ Implementation and requirements on systems for screening, risk scoring, monitoring, KYC handling▪ Implementation of regulatory changes into the organization▪ Training and knowledge sharing within the organization

Trainee Programme (Sep 2013-Aug 2014)Process Owner SEB Retail Banking, Business Area Payments (Sep 2013-Apr 2015)

Fraud Prevention - Card Issuing (Apr 2011-May 2013)Fraud Prevention - Card Acquiring (May-Sep 2013)