Canada’s leading AML expert Matt McGuire joins our team

mattWe are very excited to announce that we have partnered with internationally recognized forensic accountant Matthew McGuire to lead our regulatory and compliance initiatives. Matt’s leadership ensures that we will continue to protect our clients’ interests in all matters related to FINTRAC, Anti-Money Laundering (AML) and Know-Your-Client (KYC) when it comes to onboarding customers at account opening.

While we have had a long-standing relationship with Matt , his engagement with thirdstream became official in September of 2016. Matt will assist us to ensure that our platform is continually adhering to anti-money laundering and counter-terrorist financing regulations.

Matt has been helping financial institutions assess and reduce financial crime and related regulatory risks for almost two decades. He has also served as an advisor to the United Nations as well as Canadian and foreign governments on the development of their laws and financial intelligence functions.

Founder of The AML Shop, Matt is considered Canada’s leading Financial Crime Risk Management expert and is internationally recognized for his expertise in anti-money laundering (AML) and counter-terrorist financing (CTF). In addition, Matt is a Chartered Professional Accountant and Chartered Accountant, member of the Department of Finance Private/Public Advisory Committee on AML/AT, Chair of the AML Committee of CPA Canada and the founder of the Seneca College Institute for Financial Crime Analysis. He is certified in Financial Forensics (CFF) by the American Institute of Certified Professional Accountant and as an Anti-Money Laundering Specialist (CAMS) by the Association of Certified Anti-Money Laundering Specialists.

Matt is excited about his association with thirdstream and sees it as a natural fit with the work he does with his team at The AML Shop. “thirdstream is an innovative and agile firm focused on developing products that reduce burden and improve client experience. Their approach to reducing friction will define compliance management over the next five years.” Matt is also very happy to associate with a company that is so aligned with Canadian credit unions as he has great respect for their “principled and member-driven approach.” He also looks forward to helping our clients in any way he can whether it be program development, evaluation, assistance with regulator interventions or recruitment.

Our CEO Christian Clapton says “When it comes to compliance and security, there is simply no one more qualified than Matt to lead that side of our product development. Not only will our company benefit tremendously from his expertise, insights and connections, his ‘seal of approval’ assures our clients that onboarding via cumulus is 100% compliant. This regulatory assurance will give our clients the confidence to go after new business via our platform and help them to avoid hundreds of thousands of dollars in regulatory fines.
Our CTO Keith Ginter agrees. “Matt brings unparalleled expertise to our team, our platform and, ultimately to our clients. Compliance is one of the biggest barriers to onboarding. Our innovative solutions and Matt’s expertise effectively removes that barrier, especially when it comes to non-face-to-face transactions.”

More about Matt McGuire and the AML Shop
Founded by Matt McGuire, one of the world’s leading experts in Financial Crime, the AML Shop brings together a dynamic team of industry experts to provide financial service companies with regulatory program development, program evaluation, model tuning and validation, regulator intervention assistance, temporary and long term placements and outsourced compliance services. For more information, visit The AML Shop.


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