TORONTO, Dec. 1, 2015 /CNW/ - Securefact, a leader in Know-Your-Customer (KYC), Anti-Money Laundering and Financial Crimes Risk Management solutions, has appointed internationally recognized forensic accountant Matthew McGuire to lead its Financial Crimes Risk Management (FCRM) practice. Matt's leadership ensures that Securefact will continue to protect its customers' interests as they relate to constantly evolving money laundering and terrorist financing methods and regulations.
For over two decades, Securefact has been reducing financial crime risk for its clients through automated and authoritative identity verification solutions. Securefact empowers its clients with intuitive online interfaces to gather customer information, and then compare that information against an unparalleled set of public and proprietary databases. Securefact exposes criminals and their schemes by revealing the true ownership, control and structure of their corporate architecture, anywhere in the world.
Securefact's new FCRM practice is tasked with delivering pragmatic intelligence-led financial crime risk management solutions to financial institution clients, and ongoing product development for the Company's technology solutions.
Matt McGuire is an internationally recognized expert in anti-money laundering and counter-terrorist financing. He has been assisting financial institutions to assess and reduce financial crime and related regulatory risks for fifteen years. He has served as an advisor to Canadian and foreign governments on development of their laws and financial intelligence functions. Matt recently spoke at the Association of Certified Anti-Money Laundering Specialists (ACAMS) conference in Toronto on the potential impact of Bill C-51 on terrorist financing.
"Matt brings an incredible depth of anti-money laundering experience to our team, and represents Securefact's evolution from data, to information, to intelligence," says Securefact CEO Gabor Horvath. "Our clients recognize that they need to acquire customers through digital channels, and we provide a customer-friendly solution to do that. Digital onboarding also requires a new approach for managing the financial crime and regulatory risks that come with non-face-to-face transactions, and Securefact also provides a constantly developing set of solutions to manage these risks."
Matt McGuire explains that Securefact's innovations strike at the most significant risks of financial institutions. "Organized crime groups and terrorism fundraisers flood the Canadian financial system with over $60 billion in proceeds every year. Anonymity is the key to moving criminal money derived from the sale of narcotics, frauds, corruption and tax evasion which are destined for terrorist purposes. That's why regulators insist on strict and comprehensive KYC procedures. Securefact designs regulator-friendly solutions to get customer information right the first time, remediate where it hasn't been done well historically, and to gain efficiencies from automation."
Matt McGuire, BA(Hons), MAcc, CPA, CA, CFF, DIFA, CAMS, AMLP
Matt is qualified by the Ontario Superior Court of Justice as an expert witness in forensic accounting and money laundering and has testified before Senate and House of Commons Parliamentary committees on the effectiveness of Canada's anti-money laundering and counter-terrorist financing programs. He is a member of the Department of Finance's Private/Public Advisory Committee on AML/Counter Terrorist Financing, Chair of CPA Canada's AML Committee, co-founder of the Seneca College Institute for Financial Crime Analysis and representative for the Automated Teller Machine Industry Association Bitcoin Governance and Risk Committee.
Matthew regularly speaks on money laundering and financial crime to a variety of professional audiences, including law enforcement and universities.
Established in 1995, Securefact is a trusted global partner of financial institutions and regulators. Securefact develops and delivers efficient account opening, Know-Your-Customer and regulatory compliance solutions that delight users.
SOURCE Securefact Transaction Services, Inc.
For further information: Gabor Horvath, CEO, Securefact at (416) 646-5560 or [email protected]; Matthew McGuire, Principal, Financial Crime Risk Management practice, Securefact at (416) 312-0555 or [email protected]