No Hassle AML Review Pricing For MSBs

One of the first blog posts that we published was “How to Negotiate Your Consulting Contracts Like A Pro.” We’ve been working closely with the Canadian MSB Association (CMSBA) and we’re happy to announce two things that we think will help small and mid sized MSBs do just that. Outlier is introducing no hassle pricing for MSB reviews, and we’re offering 20% off throughout 2015 for CMSBA members (proof of membership is required).

2015 No Hassle AML Compliance Effectiveness Review Pricing

All MSBs are required to have AML Compliance Effectiveness Reviews at least every two years. These reviews involve a review and assessment of your compliance program and operational testing. MSBs receive a formal review report, and Senior Management must provide signoff on the final report within 30 days of the day it’s issued. While Canadian legislation permits MSBs to conduct self-reviews, most banking service providers require their MSB clients to use an external reviewer.

To make things easier for Canadian businesses, we’re introducing no hassle pricing. To calculate where you fall on the chart, just add up the number of employees and agents.

Number of Employees & Agents* 2015 AML Compliance Effectiveness Review Price 2015 CMSBA Member Special Pricing
1-5 2,500 +HST 2,000 +HST
6-10 3,000 +HST 2,400 +HST
11-15 3,500 +HST 2,800 +HST
16-20 4,000 +HST 3,200 +HST
21-25 4,500 +HST 3,600 +HST
26-30 5,000 +HST 4,000 +HST
31-35 5,500 +HST 4,400 +HST
36-40 6,000 +HST 4,800 +HST
41-45 6,500 +HST 5,200 +HST
46-50 7,000 +HST 5,600 +HST

*If you have part-time or seasonal employees, count two part-time employees as one employee. Include business owners who are active in running the business as employees. Count each agent location as one employee. If you’re not sure about the calculation, feel free to contact us.

CMSBA Member Savings

If you’re not a member of the CMSBA yet, but like saving money you can learn more and become a member at

Coast to Coast to Coast

Our Canadian team is here to serve MSBs in all parts of Canada. If we don’t have a consultant near you, we will keep costs low by conducting your review remotely. To do this, we will review electronic copies of your compliance program and data. You’ll even be able to see us face to face on Skype calls.


Outlier cannot be considered an “external reviewer” if we have designed your compliance program or conducted annual training with your staff. Most banking service providers require that you have an external reviewer. Some banking service providers also have specific lists of reviewers whose work they will accept. Please check with your banking service provider to ensure that our review will be acceptable for their purposes.

Need a Hand?

If you’re ready to schedule a review or would like more information please contact us.




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