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PSA Solutions partners with Strise to help law firms meet stricter AML requirements
Published on
2025-08-20 10:51
Updated on
2025-09-16 10:58
Strise and PSA Solutions have entered a strategic partnership to help law firms meet growing anti-money laundering (AML) compliance demands. The collaboration brings together PSA’s Custodian Client Onboarding system, used by leading law firms, with Strise, enabling firms to handle complex AML requirements from a single platform.
Responding to regulator pressure
The Norwegian Advokattilsynet and the UK’s Solicitors Regulation Authority both highlight, in their July 2025 sectoral risk assessments, gaps in source-of-funds checks, opaque ownership structures, and weak ongoing monitoring. The PSA–Strise partnership addresses these issues by providing law firms with a modern toolkit to:
- Automate KYB and due diligence: Quickly clear low-risk clients and escalate high-risk ones automatically.
- Map ownership and UBOs: Surface complex or cross-border structures to identify beneficial owners.
- Strengthen sanctions compliance: Monitor global watchlists and avoid accidental breaches.
- Enable continuous monitoring: Get alerts on changes in sanctions, ownership, PEP status, or adverse media.
- Assess risk holistically: Unify ownership, sanctions, PEP, media, and network signals into one clear view.
What this partnership enables
Through this integration, law firms using PSA’s Custodian platform can now access Strise’s AML automation capabilities without switching systems or managing fragmented client data.
“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.” — Bjørn Tore Aurlien, Senior Director, PSA Solutions
“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.” — Marit Rødevand, CEO, Strise
About PSA Solutions
PSA is a Nordic legal tech and consulting company serving over 280 clients across the Nordics. With offices in Oslo, Stockholm, Warsaw, and Helsinki, PSA delivers cloud platforms like Custodian and partners with leading legal tech providers including iManage, DocuSign, and Litera.
Learn more at www.psasolutions.com
About Strise
Strise is a leader in AML automation, trusted by top financial institutions including Corpay, Storebrand, and Nordea. The platform enables faster, more effective compliance by unifying data into living customer profiles across KYB, KYC, onboarding, and risk monitoring.
Who are the top vendors in 2025?
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What is the difference between KYC and KYB?
KYC verifies individuals, while KYB verifies companies, their ownership, and legal status.
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What is perpetual KYC/KYB?
It replaces periodic reviews with event-driven monitoring that updates risk profiles whenever new data emerges.
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What is a risk-based approach?
It tailors checks to customer risk, applying lighter verification for low-risk and deeper reviews for high-risk.
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What are the biggest challenges?
Poor data quality, fragmented integrations, inconsistent standards, and friction between business and compliance teams.
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