BDO Norway picks Strise for AI anti-money laundering compliance

BDO in Norway has chosen Strise as its technology supplier for customer due diligence and anti-money laundering compliance, making the Norwegian software company’s AI platform part of BDO’s AML control work, the companies said. The agreement comes as regulated firms prepare for the EU Anti-Money Laundering Regulation, which the announcement said will apply from 10 July 2027 and bring more detailed requirements for continuing customer checks and beneficial ownership mapping.

The companies did not disclose financial terms. BDO was described in the announcement as one of Norway’s main advisory and audit firms.

How BDO will use the system

Strise said its platform will give BDO an end-to-end system for customer due diligence. The software gathers and links company and ownership information in real time using AI, and allows BDO to set risk scores in line with its own risk models.

The platform also includes digital customer forms for onboarding, ID verification, and screening against sanctions lists and politically exposed persons lists, according to Strise. A newer module for ongoing due diligence is designed to monitor changes in the risk profile of clients and the networks connected to them.

Anne Reisch Bruset, head of KYC at BDO, said customer due diligence and compliance are central responsibilities for the firm, while manual work can absorb substantial time. She said Strise’s AI system can take on routine tasks, structure information, support client assessments and alert BDO when issues require review.

Regulation raises the burden on manual processes

Audit and advisory firms are covered by anti-money laundering rules that require continuing monitoring of clients, according to the companies. That work has often required staff to collect ownership details, prepare risk assessments and document checks using information from multiple sources.

The EU’s forthcoming Anti-Money Laundering Regulation is intended to create a common European rulebook. The companies said the regulation will increase the demand for precision and traceability in compliance processes, including in the identification of beneficial owners.

For regulated firms, customer due diligence involves verifying who a client is, understanding who ultimately owns or controls an entity, assessing the risk of illicit finance, and keeping records current over time. Automation can reduce data collection work, while compliance teams still need to review alerts and apply judgment to risk decisions.

Strise adds another enterprise client

Strise said the BDO mandate adds to its work with audit and advisory firms and that it already provides comparable technology to several large companies in the sector. Marit Rødevand, chief executive of Strise, described BDO as a strategic partner and said the agreement reflects demand for AI tools as firms prepare for new regulatory standards.

Strise provides technology for KYB, KYC and anti-money laundering processes. KYB refers to checks on businesses, while KYC refers to checks on customers. The company said its platform is available as a software application, through an API, and through an agentic AI service that can carry out parts of compliance workflows.

This story draws on original reporting from Finextra Research.