PSA Solutions has partnered with Strise to help law firms cope with stricter anti-money laundering (AML) regulations by integrating PSA’s Custodian Client Onboarding system with Strise’s automation technology.
The collaboration aims to give legal firms a single platform for managing complex AML requirements efficiently.
Regulators including the Norwegian Advokattilsynet and the UK’s Solicitors Regulation Authority flagged gaps in AML compliance earlier this year, focusing on source-of-funds checks, ownership transparency, and ongoing monitoring. The partnership tackles these issues by offering tools for automated Know Your Business (KYB) and due diligence checks, mapping beneficial ownership structures, strengthening sanctions screening, enabling continuous monitoring, and combining risk signals into one unified view.
Law firms using PSA’s Custodian system will now be able to access Strise’s automation features without changing platforms or handling fragmented client data.
PSA Solutions senior director Bjørn Tore Aurlien said, “Firms face rising expectations around anti-money laundering and sanctions compliance. By connecting Strise’s proven AML technology to Custodian, we provide law firms with a powerful solution to meet these obligations in a more efficient and reliable way.”
Strise CEO Marit Rødevand added, “This partnership combines the strengths of two industry leaders. PSA is a trusted provider to law firms, while Strise has pioneered AML automation for financial institutions. Together, we bring this expertise to the legal sector.”
PSA serves more than 280 clients across the Nordics with offices in Oslo, Stockholm, Warsaw, and Helsinki, while Strise supports top financial institutions such as Corpay, Storebrand, and Nordea with advanced AML technology.
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