Outlier Compliance Group

Outlier Compliance Group is a Canadian consultancy on anti-money-laundering for money services businesses, virtual-currency firms and other financial organisations. The company states it was founded in 2013 and has an office at 120 Adelaide Street West in Toronto.

Services Six areas are listed: AML effectiveness reviews, AML programme development, support with retail payments supervision, support during regulatory examinations, compliance training and a privacy programme. The retail payments item is of interest to payment service providers that must register under the Canadian supervisory regime.

Market The stated market is Canada. A payment or crypto business serving Canadian customers must keep a documented compliance programme and be ready for examinations, which is where an outside reviewer or programme builder is typically used.

Who it suits MSBs, payment processors, crypto platforms and fintech start-ups that need to design a programme, test its effectiveness or prepare for a regulator's visit. Fees and engagement formats are not published and should be agreed with the group directly.