The AML Shop joins list of signatories to Federal Finance Minister on Beneficial Ownership

We are pleased to be a part of Transparency International’s list of signatories in an open letter to Federal Finance Minister Bill Morneau, encouraging the federal government to advocate for a publicly accessible pan-Canadian company registry of beneficial owners in upcoming conversations with provinces and territories, and to outline a consultation timetable to explore all registry options (including a publicly accessible registry) in Budget 2019.

Block Equity is acquired by Coinsquare and thanks The AML Shop for setting it up for compliance success.

FOR IMMEDIATE RELEASE - December 10, 2018

Toronto, ON - Block Equity is acquired by Coinsquare and thanks The AML Shop for setting it up for compliance success.

Canadian Crypto Exchange company Coinsquare recently acquired Block Equity Inc., (BlockEQ), for $12M. BlockEQ has been a client of The AML Shop since its inception and worked with their team of experts on setting up its operation, especially its regulatory compliance.

Jon Lister, Co-Founder and President of BlockEQ says, “We are really pleased with this growth opportunity. Coinsquare is one of the reasons we got into this space, so to work with them and their team is very exciting."

BlockEQ started about one year ago and partnered with The AML Shop from the start. Lister shares, “We knew that one of the major keys to our success would be ensuring the highest standards and procedures in our compliance and regulatory requirements. The AML Shop set us up for this success from the beginning and brought such a high level of expertise that resulted in our company becoming desirable to others. We believe it is important to build a business the right way from the beginning. In order to build a lasting financial institution you need to structure your operations with compliance in mind, as new regulations come into effect.”

Lister further says that “It was great working with The AML Shop and its team members. They are responsive, efficient, and supportive and we are very thankful to them for positioning us so strongly for this opportunity.  They took the time to understand our business model and were able to craft our policies and procedures that were specific to our business”.

For more information on the acquisition please click here:

https://www.ccn.com/canadian-crypto-exchange-coinsquare-acquires-stellar-wallet-blockeq/

About The AML Shop

Our team of veteran compliance executives empowers businesses with the most practical, informed and strategic regulatory support services. Our goals are to help our clients manage their risks, maximize their opportunities and achieve and maintain compliance. We provide: expert advice; support with regulatory exams; development and reviews of financial crime compliance and risk management programs; assistance with the selection, enhancement and validation of technology; and the management of your compliance functions or staffing of your compliance teams.

With offices in Toronto and Ottawa, we serve clients across Canada in every regulated sector, and in emerging industries. To learn more about the AML experts at your service, please visit The AML Shop.com

For more details on this story please contact Matt McGuire.


The AML Shop Acquires Clement Advisory Group

We are pleased to share that The AML Shop has acquired the regulatory compliance advisory practice of Clement Advisory Group  (CAG), a licensed private investigative agency led by former RCMP Superintendent and Cobourg Chief of Police, Garry Clement. CAG has been providing regulatory advice and investigative services since 2009

Matt McGuire, Founder of the AML Shop says, “This is a great day for both CAG and The AML Shop. Having worked together for a number of years and knowing that Garry has built such a respected and successful business, it made sense for us to carry on his legacy. We are thrilled that Garry will remain a senior advisor to us and we will continue to collaborate to bring the very best in service to clients.”

Garry Clement, President of CAG shares, “I could not have found a better company to acquire the responsibility for the many clients that have been integral to CAG’s success since 2009. I trust in the ethics and knowledge of Matt and his highly trained team of AML experts.  Due to the complexities that organizations face today, in order to achieve AML and CTF requirements, it is essential that the financial sector relies on companies that have a team of subject matter experts. I know this to be the case with The AML Shop and am pleased to remain in a senior advisor role.”

As part of the acquisition, The AML Shop will gain access to CAG’s program models, training materials and evaluation methodologies, and will be continuing the distribution of Garry’s widely read newsletter in the coming months.

The acquisition takes effect on October 1, 2018. Any current clients of either company or anyone who would like further information is encouraged to contact Matt McGuire directly.

Amending Regulations Under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act

The proposed Regulations Amending Certain Regulations Made Under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act 2018 have been published in Part I of the Canada Gazette.

The proposed amendments include changes to the:

  • Proceeds of Crime (Money Laundering) and Terrorist Financing Suspicious Transaction Regulations;
  • Proceeds of Crime (Money Laundering) Terrorist Financing Regulations;
  • The Cross-Border Currency and Monetary Instruments Reporting Regulations;
  • Proceeds of Crime (Money Laundering) and Terrorist Financing Registration Regulations; and
  • Proceeds of Crime (Money Laundering) and Terrorist Financing Administrative Monetary Penalties Regulations.

Partnership Announcement - The AML Shop and BIG Blockchain Intelligence Group

Vancouver, British Columbia--(Newsfile Corp. - May 30, 2018) -BIG Blockchain Intelligence Group Inc. (CSE: BIGG) (WKN: A2JSKG) (OTC Pink: BBKCF) ("BIG" or "the Company"), a leading developer of Blockchain technology search, risk-scoring and data analytics solutions, announces that the Company has signed a Partnership Agreement with the AML Shop to jointly deliver customized cryptocurrency forensic services and for the AML Shop to act as a distributor of BIG's proprietary Blockchain investigative platform, QLUETM.