Grant Thornton appoints head of forensics and anti-money laundering

Sven Stumbauer, a seasoned financial crime leader, has joined Grant Thornton LLP as Managing Director of Advisory Services and Practice Leader of the Anti-Money Laundering (AML) and Sanctions Solutions Group in integrity, investigations and restructuring. Based in Miami, Stumbauer will use his acumen in cryptocurrency, anti-money laundering, sanctions and foreign corrupt practices law to strengthen and expand Grant Thornton’s growing capabilities in financial crimes.

“As we grow the company’s anti-money laundering and sanctions services, it’s important that we bring in proven leaders with a reputation for helping clients stay ahead of the game. growing exposure to risk across the globe,” said David Hazels, National Managing Partner of Advisory Services at Grant Thornton. “Sven’s wealth of knowledge and vast experience in financial investigations make him the ideal leader to build on Grant Thornton’s already robust forensic risk solutions.”

Stumbauer has over 20 years of experience in financial crime, regulatory risk and forensic investigation. He has extensive experience leading complex global projects and providing consulting services to clients in over 60 countries around the world. Stumbauer has also worked closely with various regulatory agencies in the United States, Europe, Latin America and Asia – and he has led many of the world’s largest regulatory investigation and remediation programs in the field of financial crime, anti-money laundering and sanctions.

Paul Melville, national managing director of integrity, investigative and restructuring solutions at Grant Thornton, adds that Stumbauer will be a crucial asset to companies as cryptocurrency continues to gain traction in global markets.

“Sven has considerable anti-money laundering and sanctions experience with deep roots in cryptocurrency,” Melville says. “As interest in crypto continues to soar within the business community, Grant Thornton will be uniquely suited to provide the high-quality, pragmatic services and financial insights our clients expect and deserve.”

Mark Margulies, managing partner of Grant Thornton’s South Florida office, adds that Stumbauer will be a key asset in driving the company’s growth and global business perspective in South Florida and, by extension, America. Latin.

“Miami has become a dynamic financial services hub,” adds Margulies. “Sven offers the skills and business acumen that our clients need, and he will serve as a vital link for banking and international trade with Latin America and other parts of the world.”

Prior to joining Grant Thornton, Stumbauer held various management positions at several professional services firms. Most notably, he created and led AlixPartners LLP’s global AML compliance and sanctions practice. Previously, he led the expansion of KPMG LLP’s forensic practice, where he focused on corporate governance issues, regulatory compliance and investigations in Latin America. Stumbauer began his career in financial crimes with the Financial Industry Regulatory Authority (FINRA).

A published thought leader and a frequent speaker at major industry conferences, Stumbauer regularly briefs U.S. and foreign regulators and government agencies on emerging financial crime issues. He earned an MBA with a concentration in international business and finance from the Georgia Institute of Technology and a bachelor’s degree in international business from Georgia Southern University.

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