Money Laundering Risks and Countermeasures for Accountants and Other Professionals

Matt McGuire is the Co-Founder and Practice Directorof 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.

For over 15 years, Matt has served as an advisor to Canadian, American and foreign governments, as well as the United Nations Office on Drugs and Crime.  For two years, Matt led remediations at various U.S. financial institutions, as part of Deloitte’s financial advisory services practices. Matt has been consulting U.S. institutions with operations in Canada, on cross-border compliance program development and has conducted compliance effectiveness reviews for U.S. operations of banks, foreign exchange companies and money services businesses.

For four years, Matt was the leader of the National Anti-Money Laundering Practice as well as the Ontario region investigative and forensic services group at MNP LLP. He was the partner-in-charge of MNP’s forensic accounting contract with the Toronto Police Services Financial Crime Unit. 

Matt holds an Honours BA and a Master of Accounting degree from the University of Waterloo and a diploma in investigative and forensic accounting from the University of Toronto. He is also a Certified Cryptocurrency Investigator. 

Ever committed to learning and advancing the knowledge exchange within his industry, Matt founded the Seneca College Institute for Financial Crime Analysis and is also an instructor for the University of Toronto’s Master of Forensic Accounting program.

With the changing landscape of financial technologies, currencies and markets, Matt’s expertise is constantly evolving and in demand. This includes his current role overseeing the monitoring of cryptocurrency exchange risk and transactions for cryptocurrency companies and their financial institutions. He holds an advisory role to digital currency exchanges, regulatory technology companies and blockchain-focused exempt market dealers.

Matthew authored the CPA’s, Canada’s AML Guide for Accountants, as well as many other articles and papers. He has served as a member of the Department of Finance’s Private-Public Advisory Committee on AML and ATF, as well as the Chair of the AML Committee of CPA Canada, and is a member of the ATM Industry Association Bitcoin Governance and Risk Committee.