Outlier offers a suite of compliance consulting services.
Where it is mutually agreeable, training can be completed on a fixed-fee basis (meaning that you know exactly what you’ll pay before we start work).
We can also work on an hourly basis. Please contact us for our standard hourly rates.
Anti-Money Laundering (AML) and Anti-Terrorist Financing (ATF)
- We develop policies, procedures and risk assessments that are customized to your business operations and processes.
- We conduct AML Compliance Effectiveness Reviews and can assist you in preparing a plan to address any issues noted in the review report.
- We design and conduct training sessions (in person or online) that are tailored to your business model and employee functions.
- We assist Canadian reporting entities in preparing data for regulatory examinations, submitting information packages to regulators and preparing plans to correct any deficiencies that have been recorded by the regulator.
- Working with expert law firms, we assist in appealing regulatory findings where our clients believe that the findings are not well founded.
Retail Payments
- We develop policies and procedures for Payment Service Providers (PSPs) to ensure compliance with operational risk management standards under the Retail Payment Activities Act (RPAA) and its associated regulations.
- We assist PSPs with Bank of Canada registration required under the RPAA.
Privacy
- We design privacy policies, statements and processes to suit your business needs and to ensure compliance with privacy obligations which include:
- We review existing processes and plans to identify potential privacy issues and suggest practical solutions to meet your business needs.
Regulatory Compliance Management (RCM)
- We develop policies, procedures to ensure compliance with OSFI Guideline E-13 sets that set out expectations for financial institutions with respect to the management of regulatory compliance risk inherent of business activities enterprise-wide.
- We conduct control mapping and develop control testing plans based on your business model and relevant legislative requirements.
- We conduct reviews to assess your current policy and procedures to ensure compliance with Guideline E-13.
- We design and conduct training sessions (in person or online) that are tailored to your business model and employee functions as it relates to OSFI Guideline E-13.
- We advise software developers on compliance-related requirements in the design phase of software development.
Strategy & Process Improvement
- We work with you to identify improvements to your business processes and strategy that can improve your bottom line by expanding your business or streamlining your efforts and costs.
Technology Selection, Design & Implementation
- We review and test software designed to meet Canadian compliance requirements and identify potential gaps and areas for improvement.
- We advise software developers on compliance-related requirements in the design phase of software development.
- We advise our clients on considerations related to software implementation (though we do not provide technical implementation support at this time).
Contact Us
We would love to work with you. Please let us know the type of project that you have in mind, the outcome that you want, your timeframes and your budget. If you aren’t sure about the scope of the project and want to talk about it, we will call you back within two business days. You can send us your information using our secure contact form.
