AML partnership to benefit UK law firms
Anti-money laundering (AML) company Strise (www.strise.ai) announces a strategic partnership with Nordic technology and consulting company PSA Solutions (www.psasolutions.com) to help Nordic and UK firms handle increasingly complex AML requirements more effectively.
The partnership integrates PSA Solutions’ Custodian Client Onboarding system, widely used by leading law firms, with Strise’s advanced AML automation platform. This enables organisations to meet regulatory expectations without navigating multiple systems or managing fragmented client data. The Solicitors Regulation Authority’s latest sectoral risk assessment highlights ongoing weaknesses in source-of-funds checks, opaque ownership structures, sanctions breaches, and poor ongoing monitoring. The PSA-Strise partnership directly addresses these issues by providing firms with tools to:
● Automate KYB (Know Your Business) and due diligence: Identify low-risk clients quickly, escalate high-risk cases automatically, and keep data updated in real time.
● Map ownership and ultimate beneficial owners: Uncover complex and cross-border ownership structures to identify the true beneficial owners.
● Strengthen sanctions compliance: Monitor against UK sanctions lists, as well as global watchlists, reducing the risk of accidental breaches.
● Monitor continuously: Receive alerts on changes in ownership, PEP status, sanctions, or adverse media to spot risk escalation early.
● Assess risk holistically: Bring together ownership, PEPs, sanctions, negative news, and network risks in one view.
Strise has already established itself as a leader in AML automation with clients such as Corpay, Sparebank 1, Storebrand, Vipps MobilePay, and Nordea. Through the partnership with PSA Solutions, these capabilities are now available to UK law firms via the Custodian platform.
Bjørn Tore Aurlien, senior director at PSA Solutions: “UK 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.”
Marit Rødevand, CEO and founder of Strise: “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 that operate under strict compliance regimes. From now on we can deliver this expertise to the UK legal sector.”