Securefact, a leader in Know-Your-Customer, anti-money laundering and financial crimes risk management solutions, has brought a new forensic accountant on board to lead their new financial crimes risk management (FCRM) practice. It is hoped the addition will throw up another firewall of protection for consumers and advisors against money laundering and terrorist financing threats.
While protection is obviously good for investors and consumers, the financial crime units companies like Securefact have, also provide advisors with an extra level of security and make it easier for them to acquire new clients using digital technology without worrying about any risks while also reassuring clients of the same thing.
The new FCRM practice aims to deliver solutions to tackle financial crime and develop product for the company's technology solutions.
Internationally recognized in the field of anti-money laundering and counter-terrorist financing, Matthew McGuire is joining Securefact to lead the FCRM practice.
McGuire says: "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.”