Profitable crime left unchecked leads to more crime and encourages more criminal participants. International crime control efforts have therefore focused on trying to take the profit out of crime. In turn, criminals have developed measures to complicate and disguise the sources and uses of their funds - more commonly known as money laundering.
As professionals knowledgeable in financial systems, accountants are called upon knowingly to laundering the proceeds of crime. Governments around the globe have enlisted accountants to help in the fight against money laundering by assessing their risks, implementing countermeasures, and furnishing intelligence. Our presentation will survey the threats, the countermeasures, and the practical measures accountants and accounting firms take as deputies in the fight against financial crime.
Matt McGuire is the Co-Founder and Practice Director of The AML Shop. Launched in 2015, The AML Shop’s team of veteran compliance executives empowers businesses with the most practical, informed, and strategic regulatory support services with the goals of helping clients manage risk, maximize opportunities and achieve and maintain compliance.
Matt has served as an advisor to Canadian and foreign governments on the development of their laws and financial intelligence functions and as a consultant to the UN office on Drugs and Crime.
He is an instructor of numerous ACAMS courses, as well as an author, peer reviewer, and instructor of the ACAMS sanctions and risk assessment certification courses and an instructor for the University of Toronto’s Master of Forensic Accounting program.
For those of you who know Matt, his fondness of letters after his name comes as no surprise. That’s why he became certified as a cryptocurrency investigator and has added CCI to his list of designations.
Respected and relied upon by hundreds of clients and colleagues, Matt and The AML Shop team are always seeking new methods, intelligence, and opportunities that will meet the demands and needs of those they serve.
One of The AML Shop’s most popular programs is our outsourcing division where program maintenance and operational support are provided for credit unions, securities dealers, cryptocurrency companies, and local compliance representation for foreign money services businesses.